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Crypto Currency Investors Thread - Investment (3402) - Nairaland

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Re: Crypto Currency Investors Thread by iLegendd(m): 9:54pm On Dec 13, 2023
If you're a future trader and you don't use Coinank and Coinglass, you're in the dark o. Use it everyday. They have different types of alerts that will save you hours of research.

When huge liquidations happen, they'll alert you and you'll know what to do even before opening your trading app.

2 Likes

Re: Crypto Currency Investors Thread by SUPERPACK: 10:14pm On Dec 13, 2023
Superpack589:

Thank you for the kind words and advice. I am taking down notes. This over leveraging was also an addiction for me. I used 100x leverage to short Bitcoin in one trade. Abeg carry cane beat me. Lol.

Why are you using my name? Change your name to Belleful or Hungryman

6 Likes

Re: Crypto Currency Investors Thread by clems88(m): 10:15pm On Dec 13, 2023
Kingcid:

πŸ˜‚πŸ˜‚πŸ˜‚

Better find something else to do
shey I dey mad ni to depend on only crypto grin

1 Like

Re: Crypto Currency Investors Thread by Stan2330(m): 10:20pm On Dec 13, 2023
$bonk

1 Like

Re: Crypto Currency Investors Thread by Kingcid: 11:03pm On Dec 13, 2023
Close your BTC shorts,you fucking bearsπŸ˜‚πŸ˜‚πŸ˜‚

We moving up🀝🀝
Re: Crypto Currency Investors Thread by Kingcid: 11:05pm On Dec 13, 2023
Offpointng:


Why is this very funny to me grin

people sabi gada mind type nonsense sha grin
Them go gather you beat one dayπŸ˜‚πŸ˜‚

Allow your elders drop their wisdom nau 😩😩

2 Likes

Re: Crypto Currency Investors Thread by JamParkMe: 11:27pm On Dec 13, 2023
Who called the bottom last year? This guy.

1 Like

Re: Crypto Currency Investors Thread by blackdodo: 11:34pm On Dec 13, 2023
Mayerooona:


For example, 2 weeks ago I bought $SUIP, made 10X and booked profits plus capital. Leaving just a baby bag till after bitcoin halving bull run.


Patience is key....

Crypto no be sportybet. If you are not ready for long term, avoid at all cost.

I have $SUIP in my wishlist. What do you think about going in now?
Re: Crypto Currency Investors Thread by doyin01: 2:42am On Dec 14, 2023
JamParkMe:
Who called the bottom last year? This guy.

Several people on this thread called the bottom last year and that made a particular moniker "deflover" to keep arguing with them and the moniker kept claiming that bitcoin will touch 14k before the bull run will start.. so rest and leave the past undecided

1 Like

Re: Crypto Currency Investors Thread by JamParkMe: 5:00am On Dec 14, 2023
doyin01:


Several people on this thread called the bottom last year and that made a particular moniker "deflover" to keep arguing with them and the moniker kept claiming that bitcoin will touch 14k before the bull run will start.. so rest and leave the past undecided

Bro you seem to be obsessed with deflover, it seems you cannot make a post here without bringing up his name. Just think it's strange how you somehow brought up his name in response to my post that has nothing to do with him.

Nothing concerns me with anyone else's prediction, but I remember folks on this thread panicking and forecasting even more downside. All the news outlets were releasing one bad news after another to cause more selloff; that was all I needed to know, it's time to buy. Buying when others have panic sold in the midst of FUD and doomsday predictions have always served me well in different asset class. So when I ask the rhetoric question "who called the bottom?" I'm not saying I'm the only one who called it. That phrase is actually a popular expression e.g "who said Tinibu will win? This guy." Or "Who said Argentina will win the world cup? This guy" Do you get it now? It's doesn't indicate that I'm the only one who could've made that prediction. Maybe u should take your advice and rest, but buy bitcoin, we are heading up.

7 Likes

Re: Crypto Currency Investors Thread by doyin01: 7:03am On Dec 14, 2023
JamParkMe:




Bro you seem to be obsessed with deflover, it seems you cannot make a post here without bringing up his name. Just think it's strange how you somehow brought up his name in response to my post that has nothing to do with him.

Nothing concerns me with anyone else's prediction, but I remember folks on this thread panicking and forecasting even more downside. All the news outlets were releasing one bad news after another to cause more selloff; that was all I needed to know, it's time to buy. Buying when others have panic sold in the midst of FUD and doomsday predictions have always served me well in different asset class. So when I ask the rhetoric question "who called the bottom?" I'm not saying I'm the only one who called it. That phrase is actually a popular expression e.g "who said Tinibu will win? This guy." Or "Who said Argentina will win the world cup? This guy" Do you get it now? It's doesn't indicate that I'm the only one who could've made that prediction. Maybe u should take your advice and rest, but buy bitcoin, we are heading up.

yeah people like you keep making me to get obsessed with deflover the scammer and make me think you are just like him too , that was his same moderus operandi ...some strange monikers will just pop from no where and start doing self-appraisal , start praising himself or herself unnecessarily or when no one asked for shalaye... before you know they start claiming expert crypto trader and they start getting their victims who fall for their format .. undecided


Rest jare ...you must think everyone is dumb like you...The phrase means exactly what it meant.. we are not fools here. ..it is what it is..

Secondly what is the essence of telling us if you once called the bottom last year or if some other people once called the bottom last year ?? What exactly is the relevance of that particular post you made some hours ago?? And what is the benefit of the post ?? What value does it add to the thread??

And concerning the bolded , every tom and dick is aware that we are presently in a bull run for the bitcoin market and yeah everyone is right in a bull market...rest in Jesus name

2 Likes

Re: Crypto Currency Investors Thread by Oyindamolah: 7:57am On Dec 14, 2023
What is Money Flow Index ?

The Money Flow Index (MFI) is a technical indicator that helps measure the strength and intensity of money flowing in and out of a security. It's commonly used to identify potential trend reversals and overbought or oversold conditions in a market.

Here's a simplified explanation of how the Money Flow Index works:

1. Typical Price (TP): Calculate the typical price for each period, which is the average of the high, low, and closing prices.

2. Raw Money Flow (RMF): Multiply the typical price by the corresponding period's volume to get the raw money flow.

3. Money Flow Ratio (MFR): Compare the total money flowing in on days when prices go up (Positive Money Flow) to the total money flowing in on days when prices go down (Negative Money Flow). Calculate the ratio.

4. Money Flow Index (MFI): Use the MFR to calculate the Money Flow Index. The MFI is a value between 0 and 100, indicating the intensity of money flow. Higher values suggest overbought conditions, and lower values suggest oversold conditions.

In simpler terms, the Money Flow Index helps traders assess whether a security is likely overbought or oversold, giving them insights into potential price reversals.
Re: Crypto Currency Investors Thread by Oyindamolah: 8:01am On Dec 14, 2023
What is Golden Crossover ?

A Golden Crossover is a technical analysis term used in the context of moving averages, particularly in the cryptocurrency trading. It occurs when a short-term moving average crosses above a long-term moving average. The most common Golden Crossover involves the 50-day moving average crossing above the 200-day moving average.

Here's how it works:

1. Short-Term and Long-Term Moving Averages: Moving averages are trend-following indicators that smooth out price data over a specified period. In the context of a Golden Crossover, a short-term moving average (e.g., 50-day) and a long-term moving average (e.g., 200-day) are commonly used.

2. Golden Crossover: The Golden Crossover happens when the short-term moving average crosses above the long-term moving average. This event is considered bullish by traders and analysts.

3. Bullish Signal: The Golden Crossover is interpreted as a bullish signal for the underlying asset, suggesting a potential shift in trend or the beginning of an uptrend. Traders may use this signal to make buy decisions or consider it as a positive indicator for the asset's future price movements.
Shnew:


Thanks boss.
I've been watching some video on YouTube and also reading form Luno app. But I don't seems to understand anything yet. Everything looks like a magic to me and I dont want to loose my money.
Re: Crypto Currency Investors Thread by LandMann: 8:39am On Dec 14, 2023
Superpack589:
I can't do this anymore abeg e. I just lost all the money I used to invest in this crypto market. It happened first week of December when Bitcoin pumped. I was busy shorting the market. My heart was always racing like it wanted to explode. I don't know how I managed to enter the industry at such a wrong time.


I don't just know what came over me. And the money was even a loan o. Now I have to pay for 12 months from my salary and the interest is high. cry

I see people mocking somebody who just died because of 2.5 million. That's not even up to how much I lost. My heart almost failed me too. Some of you here have become so used to losing huge money that's why it does not move you. I takes years to develop that kind of big heart and not everybody can survive that lifestyle.

Yesterday, I tearfully withdrew the remaining $120 from the $1500 I enthusiastically deposited into my account in early December. Now I have decided to focus on my writing career.

This was not what I planned o. When I took that loan, I thought I would pay everything in a month and still have enough money to splash around during Christmas. Chai. I had big expectations. But I lost everything in less than a month. What a bad luck.

Crypto is not the only thing that can make somebody rich jare. It looks easy but is very hard. If not greed, why will somebody put in a particular amount and be expecting 100% profit in a few minutes or hours. This greed particularly took over me and impatience made it worse. Sometimes I would make profit but I wanted the profit to increase and then I would watch it go down again until I am losing and will then go and cancel the trade to prevent further loss. I was such a phool. I watched hundreds of dollars getting swallowed continously. And I was trading very aggressive-moving assets like 1000Bonk, 1000Lunc and Matic which even made the loss faster with their rapid movements. I started to feel the market was particularly against me. I felt somebody was looking at me and just directing the nets to catch me. I started looking at everything with suspicion.


I was angry with everybody. I was angry with myself, my family, I was even angry with God for what I did to myself o. I just ask God for forgiveness. It affected my relationship and career so much. I almost resigned o because I thought I would be rich soon. That would have keeled me.

I wish we could rewind time so I can undo this financial hole I just put myself.

I still bear a grudge for this crypto market and I believe one day I will come back to take back all my money it has swallowed. Or not cry

Don't beat yourself too much bro.

We that trade futures have experienced your pain personally so we understand your feelings.

In 2021, I made over $700 twice on Futures trading from just starting with about $40.

I lost everything twice and a little more from inexperience, greed and timing the market.

I have learnt my lessons and I'm still learning my lessons.

Just so you know, I made over $126 starting with $10 last month using max 5X leverage.

I lost $110 from being liquidated on a bad trade I refused to close. This happened after I started using 10X leverage.

I started again same day and now I've made close to $100 from same $10 using between 3-5x leverage.

My point is avoid using high leverages. Understand the risk of liquidation from using high leverage. Understand that stop losses will drain your capital faster if you are using high leverages.

I traded BEAMX this last two-three days. Went long at about $0.90.... the price fell to my First liquidation price of $0.74. Before that I set another long order so as to DCA and shift my liquidation price downwards and my break even price downwards.

Just early this morning the price crossed to almost $0.85 and I took profits steadily from $0.83 to $0.84

My new entry point after doubling down was $0.823 and I was using the entire $100 profit as margin.

I would have lost everything again if I was using high leverage but thank God my leverage was low.

I was able to hold my position even at $50 loss till I returned to profit.

You can do same. Start small and learn as you go.

Don't be stupid and greedy.

Hopefully you'll start again and you'll start again with sense.

Cheers to more winnings.

6 Likes

Re: Crypto Currency Investors Thread by Ekehwinz: 8:41am On Dec 14, 2023
doyin01:


yeah people like you keep making me to get obsessed with deflover the scammer and make me think you are just like him too , that was his same moderus operandi ...some strange monikers will just pop from no where and start doing self-appraisal , start praising himself or herself unnecessarily or when no one asked for shalaye... before you know they start claiming expert crypto trader and they start getting their victims who fall for their format .. undecided


Rest jare ...you must think everyone is dumb like you...The phrase means exactly what it meant.. we are not fools here. ..it is what it is..

Secondly what is the essence of telling us if you once called the bottom last year or if some other people once called the bottom last year ?? What exactly is the relevance of that particular post you made some hours ago?? And what is the benefit of the post ?? What value does it add to the thread??

And concerning the bolded , every tom and dick is aware that we are presently in a bull run for the bitcoin market and yeah everyone is right in a bull market...rest in Jesus name



We for still dey hear that deflover noise if cmoney no retire am. Tomorrow marks the anniversary of the retirement/banish of DEFLOVER from this thread grin
Re: Crypto Currency Investors Thread by armadeo(m): 8:55am On Dec 14, 2023
seanwilliam:
lmao. Dey play..most people on here ke..

You seem disconnected from reality grin..

You'll be shocked. I know some people here have lost more than that.

1 Like

Re: Crypto Currency Investors Thread by armadeo(m): 8:56am On Dec 14, 2023
BeastOfNoTribe:




You're not alone bro.. some of us are just licking our wounds quietly cry


In the light of this, HERE'S AN ADVICE TO NOOBS...

NOT ALL THAT GLITTERS IS GOLD! in the midst of the hype, what's fact is over 80% of traders loose money


Exactly.

August 17th 2022. It was a Wednesday. Jesus!!. I will never forget that day.
Re: Crypto Currency Investors Thread by santos123(m): 8:58am On Dec 14, 2023
Argument don pass coin wey people suppose drop.
Singapore1,ibime, good morning o.

Modified
I bought dovi coin under brc 20. Its on kucoin. Feel it will make a good run. Max supply is just 15million with a small market cap. Entered at .6, and it has done over 100%

2 Likes 1 Share

Re: Crypto Currency Investors Thread by LandMann: 9:04am On Dec 14, 2023
I think this spot bitcoin etf of a thing is unnecessary overhyped. All I see it doing is giving some legitimacy to bitcoin, and more importantly, bringing more institutional bulls and bears into the market.

Believe me, if the bears are more in number, bitcoin is going to keep tumbling downwards.

We will only see 69k and higher if institutional bulls are more in number.

So, to gauge the direction of the market, we need to answer the simple question on this etf approval paradox;

are there more institutional bulls than bears in the market?

1 Like

Re: Crypto Currency Investors Thread by MrSamsung(m): 9:27am On Dec 14, 2023
Taidi:

don't sleep on BRC 20 coins
$chax is now around $1m mc and it's on the AI yield and RWA narrative

$sols is good too, allows users bridge from Solana to brc20
There are lots of them. Always do your research. NFA

But what about the high satoshi fees if you want to get it early before it reaches exchanges?
Re: Crypto Currency Investors Thread by Singapore1(m): 9:33am On Dec 14, 2023
trafficpools:
except for a long time wait till next week!!!!!
That was my argument last time. When market pull back, people get scared and want to wait till market condition is right.

And when market is green people think it is the top.

1 Like

Re: Crypto Currency Investors Thread by coldzobo: 9:50am On Dec 14, 2023
Singapore1:

That was my argument last time. When market pull back, people get scared and want to wait till market condition is right.

And when market is green people think it is the top.

Thanks for exposing me
Re: Crypto Currency Investors Thread by henrycryptmento(m): 10:29am On Dec 14, 2023
*Close your Big-time/usdt long position.*

Pullback incoming.

Will send a *new entry* when the storm is over.
Re: Crypto Currency Investors Thread by henrycryptmento(m): 10:31am On Dec 14, 2023
*Little pullback on *TRB* -ayeπŸ€“, then we go in with *small leverage on futures. And if you already bought on spot, just sell off at $140*

Re: Crypto Currency Investors Thread by henrycryptmento(m): 10:33am On Dec 14, 2023
*Pullbacks incoming on BTC and most altcoins. Long should be careful.

After pullback, we find entry and go in πŸ’ͺβœ…βœ…

1 Like

Re: Crypto Currency Investors Thread by henrycryptmento(m): 10:35am On Dec 14, 2023
Waiting for pullback on *jto/usdt,* then we go in for long. Trade for the day. *Anticipate*😘

Re: Crypto Currency Investors Thread by whitestar01(m): 10:36am On Dec 14, 2023
Kingcid:

πŸ₯ΊπŸ₯ΊπŸ₯Ί

I encountered one in investment section too earlier this year

Cryptbrian ,he scammed us with a fake Mining pool and I lost a lot to the scam
Quite unfortunate of you, always thread carefully .

Deflower claimed to be a perfect crypto guru who can turn $0 to hundreds of $$$ within short period of time and then one mad money guy [ccmoney222 by moniker] challenged him with $100 to turn it to $2000 in two weeks with daily proof of trading analysis of his strategy so that everyone can learn from him. However, Deflower disappeared from this thread ever since then but later appeared with new monikers as LikeAking and Ironcastle disguising as a saint.

12 Likes

Re: Crypto Currency Investors Thread by henrycryptmento(m): 10:36am On Dec 14, 2023
A little pullback, then we hit $44k
Re: Crypto Currency Investors Thread by henrycryptmento(m): 10:38am On Dec 14, 2023
It's a new day.

We go again πŸ˜€πŸ˜Ž

#henrycryptomento.

Follow!!

1 Like 1 Share

Re: Crypto Currency Investors Thread by LikeAking: 11:08am On Dec 14, 2023
whitestar01:
Quite unfortunate of you, always thread carefully .

Deflower claimed to be a perfect crypto guru who can turn $0 to hundreds of $$$ within short period of time and then one mad money guy [ccmoney222 by moniker] challenged him with $100 to turn it to $2000 in two weeks with daily proof of trading analysis of his strategy so that everyone can learn from him. However, Deflower disappeared from this thread ever since then but later appeared with new monikers as LikeAking and Ironcastle disguising as a saint.

U no get sense..
Re: Crypto Currency Investors Thread by daharry(m): 11:18am On Dec 14, 2023
Guys please I need your help..
I transferred some amount of BTC from 2 of my wallets to my MEXC exchange since 1am on Wednesday, but up till this moment I’m typing this, the transaction is still showing pending on both of my wallets..
I’ve cross checked the wallet address and everything is ok, but the delay is really getting me worried..
Is it normal?
Is there another way to resolve these issues..
Why is the transaction taking so long??

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