The question is: how many traders are actually holding onto their coins for two years straight without selling, especially in this part of the world?

The primary goal of trading is to make a profit, and it's natural to sell when you see a gain, then potentially reinvest or chase new opportunities.

Many traders who continue to hold onto their coins do so because they bought at a high price, and selling now would result in significant losses. That's why they choose to hold.

For others, they have a predetermined exit price in mind, and once that target is reached, they sell.
While the ease of transactions without government interference is appealing, the market remains volatile. It’s wise to take profits when they’re available because, in reality, no one can predict market movements with certainty.

Of course, as someone mentioned here, one approach is to keep buying and holding if you have another source of income, but most traders enter the market with the mindset of striking it big quickly with the little fund they have.

The primary focus should be on investing, but the introduction of futures trading has complicated this, turning what was once considered investment into more of a gamble. But the thing is as we move with the market, the lessons, experiences will help with further trades.

iLegendd:
I was going through one of my favourite platforms, YouTube, and I saw a video of a leopard vs a lion dragging meat on a tree.

The lion, the aggressor, really wanted the food so badly, something he didn't kill.

On the ground, with enough fire power, was a hyena watching with his USDT power bike. As the lion was about to snatch the meal, the leopard let it fall.

The hyena quickly grabbed it at a cheap rate and ran along with it. One of our presidents always advocates "grab it and run."

Immediately I saw this, I started laughing while associating it with crypto and those who always have USDT ready for cheap purchases.

So, I can confidently tell you that some people who are out of the market with USDT or already in the market but have USDT they're religiously guarding might end up coming out more victorious. In fact, they will.

From the lecture I gave last time, 2024 is a relax stage year. Those who bought in Nov/Dec. 2022, in buy stage year at 18k-15k, will just look at people panicking or projecting 48-38k fall and laugh.

They're laughing not because 48-38 won't come, it's because they know it's a year they're supposed to relax, not panic, no matter the terrible news that comes out of any country. BTC is built to withstand bad times, not to be destroyed by bad times. It can only dump, out of shock, and instantly pump, out of purpose.

I once watched Jimmy, MrBeast, try to destroy a bomb resistance bullet proof car. The car bounced when the bomb detonated, but it was 95% fine. If a man who doesn't get emotionally attached to a woman gets a divorce letter from his wife, he'll just laugh like Ned Woko and get 3 more wives at once — life goes on.

That's just how crypto is. It will dump, but will still be 95% fine at the end of the day. So, it's good to prepare for this unforseen disaster 2-3 times per year and keep or try to make separate provisions for them. Yes, I know money is hard nowadays.

Oh, I forgot, in the previous lecture about USDT dominance, it will be nice to add StochRSI indicator at the bottom. The image I attached below has it added. It's unfortunate it looks complex, but it's simple and goes well with USDT. dominance chart.

In summary, try to embrace the Re-Sell-Bu-Bu strategy as your main strategy while you still go on with fun day or swing trading on the side.

Relax, sell, buy, buy more if necessary.

When it comes to crypto, be a hyena (an opportunist) and try to Re-Sell-Bu-Bu.

Hyena also loves to act in group, aka multiple exchanges and wallets. Study the life of a hyena and apply it in crypto.

Masterpiece

Guys, how do you sell your crypto on binance seeing that NGN isn't available anymore?

Chingyyy878:


Are you saying we shouldn’t buy yet cos I just purchased 3m worth of bitcoin before I see this post

I feel buying eth would have been better sha o .

iLegendd:
I was going through one of my favourite platforms, YouTube, and I saw a video of a leopard vs a lion dragging meat on a tree.

The lion, the aggressor, really wanted the food so badly, something he didn't kill.

On the ground, with enough fire power, was a hyena watching with his USDT power bike. As the lion was about to snatch the meal, the leopard let it fall.

The hyena quickly grabbed it at a cheap rate and ran along with it. One of our presidents always advocates "grab it and run."

Immediately I saw this, I started laughing while associating it with crypto and those who always have USDT ready for cheap purchases.

So, I can confidently tell you that some people who are out of the market with USDT or already in the market but have USDT they're religiously guarding might end up coming out more victorious. In fact, they will.

From the lecture I gave last time, 2024 is a relax stage year. Those who bought in Nov/Dec. 2022, in buy stage year at 18k-15k, will just look at people panicking or projecting 48-38k fall and laugh.

They're laughing not because 48-38 won't come, it's because they know it's a year they're supposed to relax, not panic, no matter the terrible news that comes out of any country. BTC is built to withstand bad times, not to be destroyed by bad times. It can only dump, out of shock, and instantly pump, out of purpose.

I once watched Jimmy, MrBeast, try to destroy a bomb resistance bullet proof car. The car bounced when the bomb detonated, but it was 95% fine. If a man who doesn't get emotionally attached to a woman gets a divorce letter from his wife, he'll just laugh like Ned Woko and get 3 more wives at once — life goes on.

That's just how crypto is. It will dump, but will still be 95% fine at the end of the day. So, it's good to prepare for this unforseen disaster 2-3 times per year and keep or try to make separate provisions for them. Yes, I know money is hard nowadays.

Oh, I forgot, in the previous lecture about USDT dominance, it will be nice to add StochRSI indicator at the bottom. The image I attached below has it added. It's unfortunate it looks complex, but it's simple and goes well with USDT. dominance chart.

In summary, try to embrace the Re-Sell-Bu-Bu strategy as your main strategy while you still go on with fun day or swing trading on the side.

Relax, sell, buy, buy more if necessary.

When it comes to crypto, be a hyena (an opportunist) and try to Re-Sell-Bu-Bu.

Hyena also loves to act in group, aka multiple exchanges and wallets. Study the life of a hyena and apply it in crypto.

This lecture is specifically for me and I can relate 💯 to the bolded. My biggest gain so far (by percentage) this year came between mid April and late May. This is because I was out of the market between January and April due to some major circumstances and personal decisions (anticipating the halving crash). I did multiples on some coins e.g $PEPE from that April 12/13 crash even though I was taking profit profusely.

Since this recent crash to 48k, I've been trying to stay away from the market as much as possible since I already activated alert for major $BTC movement on my phone. The plan is to keep buying USDT with 20-30% of my paychecks while waiting for another "April-like" opportunity.

We keep learning, we keep winning.

seanwilliam:


I feel buying eth would have been better sha o .

You no lie, I get am for mind.

You feel I shouldn’t have bought btc right ?

TIME

Time is a mirage. Time is a perspective. If you master it, you've mastered patience.

And since it has made you master patience, add a purpose and you'll realise you've mastered success with strategy.

The 4 year Re-Sell-Bu-Bu system I'm proposing to everyone to use might seem long to some people, but remember time is a perspective and I have experienced both.

If there is a wedding you really MUST attend, but you don't have money or clothes to wear and fortunately, someone is owing you 2 million.

When you go asking for the money and the person says, "Give me 1 year, things are so hard for me." Do you know that this one year will feel like 1 decade (10 years)?

Now, imagine you're living in a place where you're owing the landlord 1 year rent of 1 million and your salary is 100k. You have 12 months to pay up or get sent out and your only income is 100k, your feeding, transport, family billing, etc. is there. You don't even know the day you might get sacked.

You can't even save 20k per month from the money. How will that 1 year interval run in your mind? Slow or fast?

Gather here with your glass of juice let's laugh together. Hahahahaha. You get my point. It will run like Usain Bolt. 30 days per month will feel like 3 days.

Four years will feel so long for Chidinma in jail, but so fast for her sister that is 29 years and looking for a husband. That is perspective.

The level of money and freedom you have alters your calendar of life (time). All of us use the same calendar and clock, but our brains use a different one called perspective calendar. Its speed is dependent on our current predicament.

A man who has closed all his trades and waiting for BTC to come down to 38k to buy and a man who bought at 15k or a man whose liquidation is at 38k operates on a different time, frequency and emotions.

If BTC keeps going up, up, up, anɗ up it goes, the 38k waiter begins to panic and every hour matters to him, but if it keeps going down, down, down, the 38k liquidation trader begins to panic except it's his strategy and he has more money to buy more at 38k. These people are operating on a different calendars.

Even the 15k buyer might say, "Damn! Why? I should've taken profit when USDT dominance bottomed on the monthly trendline when BTC was at 73.7k. I saw it, but I didn't take profit."

The worst part is if you're a woman and you're 29 and unmarried. 4 years will feel like 4 months. The time will start moving so fast and before you know it, you're 30 years. 1 month later, you're 31. 2 months later, you're 32.

It even gets worse if your family, that can't help financially, because they don't have, is putting pressure on you.

For a man, if you're poor at 39, even after all the degrees, you feel the same too. Time will move so fast and in 2 seconds, you're already 45 years old and still poor.

So, use this 4 year system and don't worry about the market, but study the market. Just save some USDT and put it in earn. Every month, it generates you profit until that "buy" day comes and rests on your shoulder on a platter.

That day when gurus are fighting each other on social media on who was right — that day when the person who was right screams, "I told you all so, but you didn't listen." That day is always a special buying or selling day depending on the direction and stage of the market.

If your BTC plan is not a 4-year plan, you're desperate. All of us are, but let's learn to control it and we'll rejoice in the end.

Being convinced to go into crypto should serve as a blessing to you. It's not easy convincing those who have lost money in MMM or on social media scam to join this industry.

You that got convinced either by yourself or someone, count yourself lucky and as a lucky man/woman, use your lucky charm — perspective, patience and strategy to your advantage.

Too many people are depressed today because of lack of patience while the rest are depressed because of too much patience that wasn't strategically monitored or managed.

Inasmuch as patience is good, too much patience that isn't scrutinized is bad.

Even if you forget everything I said, don't forget this one.

"Time is a perspective. Its speed is based on your current situation and condition in life."

harry2sexy:


AND ALWAYS BE PATIENCE.
I feel like patience is the biggest tool in this trading thing, human instincts always fails me.

I hope to come back to quote this my own advice in year 2030, let me see if i am able to take my own advise.

Young man, do your in-depth analysis, buy a good token on spot, buy at your target price when it goes lower, buy again when it's lower, buy again when it goes lower, then add all of them together and send to a cold storage, then keep money to be playing around futures of that same token daily or weekly.

I feel like if someone has other sources of income, you become less interested in chasing candles as you will always have office politics, crazy bus drivers, shenkes and Nepa wahala to distract the mind.

Don't mind me, I'm just talking to myself 😂😂

Funnily enough, you’re making sense ,

However imagine say person buy and Dey patience with this one ⬇️ 😁😁 most coins dey always give the impression say their future bright at some point,

Apart from btc and eth and maybe bnb, being patience fit no work in the long run o

iLegendd:
TIME

Time is a mirage. Time is a perspective. If you master it, you've mastered patience.

And since it has made you master patience, add a purpose and you'll realise you've mastered success with strategy.

The 4 year Re-Sell-Bu-Bu system I'm proposing to everyone to use might seem long to some people, but remember time is a perspective and I have experienced both.

If there is a wedding you really MUST attend, but you don't have money or clothes to wear and fortunately, someone is owing you 2 million.

When you go asking for the money and the person says, "Give me 1 year, things are so hard for me." Do you know that this one year will feel like 1 decade (10 years)?

Now, imagine you're living in a place where you're owing the landlord 1 year rent of 1 million and your salary is 100k. You have 12 months to pay up or get sent out and your only income is 100k, your feeding, transport, family billing, etc. is there. You don't even know the day you might get sacked.

You can't even save 20k per month from the money. How will that 1 year interval run in your mind? Slow or fast?

Gather here with your glass of juice let's laugh together. Hahahahaha. You get my point. It will run like Usain Bolt. 30 days per month will feel like 3 days.

Four years will feel so long for Chidinma in jail, but so fast for her sister that is 29 years and looking for a husband. That is perspective.

The level of money and freedom you have alters your calendar of life (time). All of us use the same calendar and clock, but our brains use a different one called perspective calendar. Its speed is dependent on our current predicament.

A man who has closed all his trades and waiting for BTC to come down to 38k to buy and a man who bought at 15k or a man whose liquidation is at 38k operates on a different time, frequency and emotions.

If BTC keeps going up, up, up, anɗ up it goes, the 38k waiter begins to panic and every hour matters to him, but if it keeps going down, down, down, the 38k liquidation trader begins to panic except it's his strategy and he has more money to buy more at 38k. These people are operating on a different calendars.

Even the 15k buyer might say, "Damn! Why? I should've taken profit when USDT dominance bottomed on the monthly trendline when BTC was at 73.7k. I saw it, but I didn't take profit."

The worst part is if you're a woman and you're 29 and unmarried. 4 years will feel like 4 months. The time will start moving so fast and before you know it, you're 30 years. 1 month later, you're 31. 2 months later, you're 32.

It even gets worse if your family, that can't help financially, because they don't have, is putting pressure on you.

For a man, if you're poor at 39, even after all the degrees, you feel the same too. Time will move so fast and in 2 seconds, you're already 45 years old and still poor.

So, use this 4 year system and don't worry about the market, but study the market. Just save some USDT and put it in earn. Every month, it generates you profit until that "buy" day comes and rests on your shoulder on a platter.

That day when gurus are fighting each other on was right on social. That day when the person who was right screams, "I told you all so, but you didn't listen." That day is always a special buying or selling day depending on the direction and stage of the market.

If your BTC plan is not a 4-year plan, you're desperate. All of us are, but let's learn to control it and we'll rejoice in the end.

Being convinced to go into crypto should serve as a blessing to you. It's not easy convincing those who have lost money in MMM or on social media scam to join this industry.

You that got convinced either by yourself or someone, count yourself lucky and as a lucky man/woman, use your lucky charm — perspective, patience and strategy to your advantage.

Too many people are depressed today because of lack of patience while the rest are depressed because of too much patience that wasn't strategically monitored or managed.

In as much as patience is good, too much patience that isn't scrutinized is bad.

Even if you forget everything I said, don't forget this one.

"Time is a perspective. Its speed is based on your current situation and condition in life."

this man , omo u just dey burst my brain .. Walai ori yin ti peju sir.

Chingyyy878:


You no lie, I get am for mind.

You feel I shouldn’t have bought btc right ?

Yes, in the long run , your 3m has more potential on eth than btc.
But Your 3m is safer on btc than eth,
However , what I feel doesn’t really matter o,
E Dey always sweet to advise people on what to do with their money when it’s not our money

seanwilliam:


Yes, in the long run , your 3m has more potential on eth than btc.
But Your 3m is safer on btc than eth,
However , what I feel doesn’t really matter o,
E Dey always sweet to advise people on what to do with their money when it’s not our money

Thanks for the response, I go try buy the eth.

I don’t want to know the kind of mighty bull that want to happen, this coin can never see $1,500 again not when most holders have abandoned it.


What makes great coin is the community. Numbers of holders and usefulness of the coin. That’s why btc will always be no 1; just check the top 10 holders na…

Coin that’s not in num 1 to 50, just know say na luck plus gamble.

seanwilliam:

Funnily enough, you’re making sense ,

However imagine say person buy and Dey patience with this one ⬇️ 😁😁 most coins dey always give the impression say their future bright at some point,

Apart from btc and eth and maybe bnb, being patience fit no work in the long run o

SINisSIN:
I don’t want to know the kind of mighty bull that want to happen, this coin can never see $1,500 again not when most holders have abandoned it.


What makes great coin is the community. Numbers of holders and usefulness of the coin. That’s why btc will always be no 1; just check the top 10 holders na…

Coin that’s not in num 1 to 50, just know say na luck plus gamble.

Who’s satoshi nakamoto?

Can u post list for eth , sol, myro, Pepe and bome holder too abeg ..

Make I know which one to liquidate dakun,

Maycher:
Guys, how do you sell your crypto on binance seeing that NGN isn't available anymore?

By sending to a buyer and colleting your money in naira

Maycher:
Guys, how do you sell your crypto on binance seeing that NGN isn't available anymore?

Close the gap in btwn d link and Download https://share. bitget.com/u/6CXZ47H0

Verify d app with ur nin or bvn, send ur USDt to to exchange and sell it on p2p straight to ur account

My wish is for $ICP to come down to $3 so that I can buy. I just hope and pray it happens

FessBarron:
By sending to a buyer and colleting your money in naira

Outside binance?

Bignuell:
Outside binance?

Yes. If you want to sell chat me on WhatsApp 09135958031

I just realized BNB and co. have already hit some critical lows. It might stubbornly never want to hit it again till next bear market.

Also, I just found a YouTube channel that preaches about the 4 year plan and I'm watching all his videos as I type to see how he does his. He's really good.


https://www.youtube.com/watch?v=ou9i-zfZVvk?si=vcON-TWMhjDsL47L

chival10:
My wish is for $ICP to come down to $3 so that I can buy. I just hope and pray it happens

Oh

chival10:
My wish is for $ICP to come down to $3 so that I can buy. I just hope and pray it happens

icp doesn’t seem like coin that will see the light of the day anymore ..
Why not Look somewhere else boss.

This bnb just dey move in silent, no noise, no hype

My mind is telling me we are already in bear market. This can't be bull market

Luckyss:
My mind is telling me we are already in bear market. This can't be bull market

Nothing concern crypto with our mind , if not we will all be wealthy via crypto by now.

Make near hit $0.5 nahh

[quote author=sircatherine45 post=97571147]Bitcoin black is airdropping

Take advantage of it to get free airdrops

[/quote

how?]

What is even bull market? Is it that during the assume bull market, there won’t be red days?

It is either you are in the market with DCA mode or out because you won’t really know when the spike will happen. The whole anticipating new all time high can happen within minutes and drop down again.

This is the best time to enter market if you want. Buy at the 50s, DCA at 40s, if worst happen, then keep usdt for 30s level same applies to good alts.

Luckyss:
My mind is telling me we are already in bear market. This can't be bull market

You're very wrong sir. Only if you know what they have achieved so far and still building. Great team. That coin go reach $100 in bull run. $ICP is a very strong project and my wish is for it to come down to $3

seanwilliam:
icp doesn’t seem like coin that will see the light of the day anymore ..
Why not Look somewhere else boss.

Luckyss:
My mind is telling me we are already in bear market. This can't be bull market

You need to kill that mind trying so hard to mislead you.

For most of us who may not know...
Reason the market is slow and declining is simply due to fear of rate cut. The market is not sure if the US FED will cut 25 or 50. Rate cut of 50bps will signify fear, an attempt to patch up the economy lest it sinc. 20bps is healthy

That's it..most anticipate a rate cut in September, then there is election...if rate cut is done, and there is an economic crash, it won't speak well for the Democrats at the ballot.

GRACEGLORY:
For most of us who may not know...
Reason the market is slow and declining is simply due to fear of rate cut. The market is not sure if the US FED will cut 25 or 50. Rate cut of 50bps will signify fear, an attempt to patch up the economy lest it sinc. 20bps is healthy