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Crypto Currency Investors Thread - Investment (3831) - Nairaland

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Re: Crypto Currency Investors Thread by TrennixGLOBAL: 3:14am On Aug 06
Hmmm...

1 Share

Re: Crypto Currency Investors Thread by TrennixGLOBAL: 3:18am On Aug 06
Liquidations in the past 24 hours....


Market makers joyous than ever while and getting ready to buy in.


#TradeSafe

Re: Crypto Currency Investors Thread by IronCastle(m): 3:19am On Aug 06
Robnectar:
embarassed embarassed

Frustration don hold
this one

Don't kill yourself because
of 30K trapped in GTbank grin

1 Like

Re: Crypto Currency Investors Thread by megawealth01: 4:32am On Aug 06
Is bulls back? Or another bottom loading?
Re: Crypto Currency Investors Thread by Tflex01: 4:38am On Aug 06
megawealth01:
Is bulls back? Or another bottom loading?


Liquidate the longs

Liquidate the shorts

That's what the market is doing for now. cool

2 Likes

Re: Crypto Currency Investors Thread by megawealth01: 4:40am On Aug 06
Tflex01:



Liquidate the longs

Liquidate the shorts

That's what the market is doing for now. cool


So no directions from the charts?
Re: Crypto Currency Investors Thread by Enyinne(f): 4:49am On Aug 06
After reading all that he wrote ,u are still asking for trading strategy. Calm down ,go back and read it again . Buy big cap and DCA gradually. That's his strategy
chival10:
Fast what's the best trading strategy or which strategy works for you?

5 Likes

Re: Crypto Currency Investors Thread by Tflex01: 4:53am On Aug 06
megawealth01:


So no directions from the charts?

The charts is saying $BTC is expected to revisit the 40s. The Bears are most likely not done.

3 Likes

Re: Crypto Currency Investors Thread by sweetveek(m): 5:11am On Aug 06
Why does it cost more to short than long at same leverage(7x) ? Is this normal or its specific to binance only second pics(bybit) 0.98$ same leverage and bina.nce is 2.3$ same leverage

Re: Crypto Currency Investors Thread by megawealth01: 5:14am On Aug 06
Tflex01:


The charts is saying $BTC is expected to revisit the 40s. The Bears are most likely not done.

Thanks
Re: Crypto Currency Investors Thread by Robnectar(m): 5:36am On Aug 06
IronCastle:


Frustration don hold
this one

Don't kill yourself because
of 30K trapped in GTbank grin

K!!
Re: Crypto Currency Investors Thread by iLegendd(m): 7:10am On Aug 06
Save that image below and whenever you see that lady holding an empty pot, let it remind you how BTC emptied your pot of money on the 5th of August and how you can plan and manage your money better in years ahead to have a full pot.

Enshrine that image in your memory forever — it's a reminder of your pains and financial f*ckups.

Whenever you see it, it will trigger financial management in your brain and controls your impulses to be patient and not to buy at the wrong time, else, history will repeat itself.

12 Likes 2 Shares

Re: Crypto Currency Investors Thread by iLegendd(m): 7:12am On Aug 06
sweetveek:
Why does it cost more to short than long at same leverage(7x) ? Is this normal or its specific to binance only second pics(bybit) 0.98$ same leverage and bina.nce is 2.3$ same leverage
Never in my life have I paid attention to that. In fact, I didn't even know it exists. cheesy

5 Likes

Re: Crypto Currency Investors Thread by Robnectar(m): 7:37am On Aug 06
Now playing; Battle symphony by Linkin Park angry




Morning to y'all 🌞 cool

2 Likes

Re: Crypto Currency Investors Thread by iLegendd(m): 7:41am On Aug 06
What if you tell yourself, okay, I'm only going to buy BTC and ETH at the bottom of a bullrun and DCA with even number system on spot and finally a long position at the exhausted bottom and forget about it till next bull run halving.

Then, I'll start deploying new capitals only on zero green days, 1 year before another bottom, after a global crash of both the stock and the crypto market and still have extra financial backups incase the crash continues.

With this, you've conquered the market already, but it takes 3-4 years to execute, ɓut solid peace of mind and guaranteed profits.

When other are crying, you'll be balling.

10 Likes 1 Share

Re: Crypto Currency Investors Thread by seanwilliam(m): 7:51am On Aug 06
Fastt:


Nothing is rigged. You just have to know what you are getting into. Law of gold. Shitcoins are to be bought from a percentage of your profit from big cap. Bought only during the panick in percentages. Don't involve yourself in futures cos they(Market makers) have all the data/your coins, bots and you are just left gambling. Real money were lost recently, even if market rallies up, you can never recover your money with futures, but can if you follow the basic principles of making money. Lessons learned. Awon if it doesn't get to 51k, it will drop to 50k
the bolded sounds easy on paper..

1 Like

Re: Crypto Currency Investors Thread by seanwilliam(m): 7:57am On Aug 06
, generally, I think shorting Dey hit more than longing in crypto..
Re: Crypto Currency Investors Thread by sweetveek(m): 8:20am On Aug 06
iLegendd:
Never in my life have I paid attention to that. In fact, I didn't even know it exists. cheesy
power of having money cheesy cheesy. You know people like us need to calculate every cent we spend on crypto embarassed
Re: Crypto Currency Investors Thread by twosquare(m): 8:36am On Aug 06
That's right...except something that does not make sense happens.
Tflex01:


The charts is saying $BTC is expected to revisit the 40s. The Bears are most likely not done.
Re: Crypto Currency Investors Thread by sweetveek(m): 8:39am On Aug 06
seanwilliam:
, generally, I think shorting Dey hit more than longing in crypto..
this crypto long and short nor just balance atall, you go long coin from 3$ to 15$ then profit 2800%, you go short coin from 15$ to 3$ then profit go come be 560%. Shorting for future just be like waste of time
Re: Crypto Currency Investors Thread by GRACEGLORY: 8:58am On Aug 06
LandMann:


Is this really the best advice for Nigerians?

Personally if you are in profit it's best to sell and book profit. The risk of hodling is that most experienced traders will have sold and use the money to go flex why you are left holding their bags and praying for recovery.

But sha, if you know how to trade you'll still be in money



You may want to review that now.... #BTC was $50K then

1 Like

Re: Crypto Currency Investors Thread by iLegendd(m): 8:59am On Aug 06
sweetveek:
power of having money cheesy cheesy. You know people like us need to calculate every cent we spend on crypto embarassed
It's not about money. Ever since I started crypto, I have never paid attention to fees even with my bank (fees don't always cross my mind except it's from $5 and above). It doesn't matter if I'm broke or not.

I have never for once complained of Nigerian banks debiting me unjustly. As long as I no notice am, I no dey feel am and it's like that for everyone.

By the way, there is a difference between fee and cost. So, do your research and you'll understand what you're pointing out is cost, not fee. There is nothing to fear.

Honestly, una dey overcalculate o!

6 Likes

Re: Crypto Currency Investors Thread by Wholesaler2: 9:00am On Aug 06
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Re: Crypto Currency Investors Thread by sweetveek(m): 9:06am On Aug 06
iLegendd:
It's not about money. Ever since I started crypto, I have never paid attention to fees even with my bank (fees don't always cross my mind except it's from $5 and above). It doesn't matter if I'm broke or not.

I have never for once complained of Nigerian banks debiting me unjustly. As long as I no notice am, I no dey feel am and it's like that for everyone.

By the way, there is a difference between fee and cost. So, do your research and you'll understand what you're pointing out is cost, not fee. There is nothing to fear.

Honestly, una dey overcalculate o!
thats not fee, it's margin needed to open the trade
Re: Crypto Currency Investors Thread by iLegendd(m): 9:12am On Aug 06
sweetveek:
thats not fee, it's margin needed to open the trade
Exactly what I'm saying. When I read it, it gave me a vibe of "see what I'll lose to the xchange for starting this trade whether I win or lose the trade."

Anyway, I understand your perspective better now.

5 Likes

Re: Crypto Currency Investors Thread by LandMann: 9:14am On Aug 06
GRACEGLORY:




You may want to review that now.... #BTC was $50K then

BTC falling from almost 70k to 49k within 10 days then rising to 56k is more of a trap than a sign of progress.

If anything, those who opened long positions at 50k support level are now in profit. If you check my previous post on this thread you'll find that I called the 50k support.

Nonetheless, a value gap was created when BTC broke the 56-58k support and it's natural for it to have bounced off from the next support (48-50k)

I can tell you that institutional bears will massively short the market from 56k-58k and price will fall back to retest the 50k region.... How long will it take for this to happen? I can't tell.

Will I advise anyone to buy BTC now? Never.

I opened long trade at 50.2k and closed at 55.5k with decent profit that can take care of my living expenses for 3 months. So I have all the time to wait and watch the market play out.

If any negative fundamental news (Iran Israel war, Japan Economy collapse, Russia shoots a nuclear weapon, China invades Taiwan, etc) comes out within the next 48 hours, I can guarantee you that whales will short the market and I'll be happy to join them.

For now I'll just follow the news and go about my normal business.

BTW, you do a good job guiding beginner traders/investors on this thread. Respect

4 Likes 1 Share

Re: Crypto Currency Investors Thread by GRACEGLORY: 9:21am On Aug 06
Until SOL tears through the $146, a revisit of $134 is in view.

5 Likes

Re: Crypto Currency Investors Thread by GRACEGLORY: 9:28am On Aug 06
GRACEGLORY:
Until SOL tears through the $146, a revisit of $134 is in view.



Follow #BTC ascension with some real tight stop loss, to preserve gains. There's a revisit of the $53K in view, I can't tell how soon. Ensure tight stop loss.



Tight stop loss, don't jump out of the market.

2 Likes 1 Share

Re: Crypto Currency Investors Thread by Bignuell(m): 10:06am On Aug 06
GRACEGLORY:




Follow #BTC ascension with some real tight stop loss, to preserve gains. There's a revisit of the $53K in view, I can't tell how soon. Ensure tight stop loss.



Tight stop loss, don't jump out of the market.
You sabi no doubt

2 Likes

Re: Crypto Currency Investors Thread by Bignuell(m): 10:09am On Aug 06
Will a green daily candle or weekly candle change the course of direction or it's just retracement or there is a catastrophic news waiting to happen for btc to carry us go where we no know. Lowkey i want this baby at 30k

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