TheEnlightenedO:


Anytime boss, I started small too, I just capitalised heavily on panic sales... If you PM and your WhatsApp I can add you up and give you tips on when to possibly buy in and dump, I don’t teach classes or nothing, would just give a few helpful tips I usually give my close friends...

I would be grateful if you add me to the group too sir

jedisco:


Depends on when you bought...
Given the market conditions, I'd advise to hold and see.

My strategy was to add on dips which I did on the last... I'm watching on how it plays with its ATH, once it breaks that convincingly, (1.4k usd) then it'd be a crime to sell for anything less than a 50% increase

I bought when it was around 150-200 (june-july)

[quote author=MrSamsung post=98122525]

I'm in enugu, I want to learn how to trade on binance. Any recommendations?

Tinneh:

I bought when it was around 150-200 (june-july)

I believe it's in naira right?

I usually follow prices in dollars as I usually trade into dollar coins..

You got in at a good time... And I'd say its worth waiting for 1-2 weeks and see what direction it takes...
It's approaching its previous all time high (i.e the highest price it has ever traded) which was about 1400 usd in 2017/2018.

The usual rational is that most folks who bought large sums when it was cheap will look to sell around there and so price may dump. If however it gets above that level, it simply means buyers likely have the upper hand. Also, most people who have not sold yet by that time would likely be looking for more profits so you can expect the price to move up quickly.

That's similar to what happened when betece broke it's previous ATH at 20k usd and doubled to 40k usd in a short period.

am ready to trade like long term or even one year self

jedisco:


Seriously speaking, I'm not a fan of buying on a green week it seems we've began a major altys run and when they run, they run quick and well
Also if you're new here remember eithy and bitice are your best options in the long term.

For now, I'm waiting for the weekly close but a good number are really promising...

The most promising to me now is link... You can get in slowly... Any dip now is a buy for me.. I sold at 20, hoping for a dip to 15 ish but it doesn't look like it'd give that. In these conditions, once a good coin breaks ATH, 100% is easy as resistances become vague.

Another is lite... It's been quiet for a while.. From where it is now to 350 ish only seems like a matter of time

I'm tracking a good number who are also approaching ATH, my plan is to get in on a flip. I've rode pdot and riding aave for sweet profits... This is not advise, but my targets on altys are x3 once ATH is broken

But before you get in, you have to set your targets. How lonn are you willing to keep and how much profits you want. Cos it doesn't matter if it quadruples, if you're not disciplined, youd loose all.

Anowax:
I pity newbies like me who read your writeups. You say a lot but you use a lot of jargons; "altys, Betties, pdot, ATH, 15 ish, 350 ish, sold at 20" Arh Arh!!! I have read all your comments but I tell you solemnly, I understand nada. Nothing!!! Please can you just kindly break it down a bit when next you're making an input. A lot of people are reading comments on here but it's useless if at the end of the day only a few understand you.

I appreciate your efforts regardless. Thanks

Hehehe... No vex.. didn't mean to confuse folks
The spambot picks up certain words or phrases automatically and hides posts thats why I use betece for instead of spelling it out. Notice a good number of posts are hidden and users automatically banned. That's nairaland for you.

ATH means all time high- look at my explanation for it above
Pdot is a coin just like you have betece and the rest.
Those numbers are prces in dollars. So when I say bought at 15 ish. I mean around 15 dollars.


Fact is if you want to trade this market, you'd have to learn some stuff. Alternatively, the other option would just be to buy and forget it for a long time and not bother about movement. The money made in it is simply based on the confidence in the market. It's not manufactured anywhere. When you buy, someone is selling. So you have to ask yourself if it's sensible to buy at that time.

A good place to start will be to download the crepto app by investing.vom on playstore. You'd easily see the price variations of different coins over time.

jedisco:


Hehehe... No vex.. didn't mean to confuse folks
The spambot picks up certain words or phrases automatically and hides posts thats why I use betece for instead of spelling it out. Notice a good number of posts are hidden and users automatically banned. That's nairaland for you.

ATH means all time high- look at my explanation for it above
Pdot is a coin just like you have betece and the rest.
Those numbers are prces in dollars. So when I say bought at 15 ish. I mean around 15 dollars.


Fact is if you want to trade this market, you'd have to learn some stuff. Alternatively, the other option would just be to buy and forget it for a long time and not bother about movement. The money made in it is simply based on the confidence in the market. It's not manufactured anywhere. When you buy, someone is selling. So you have to ask yourself if it's sensible to buy at that time.

A good place to start will be to download the crepto app by investing.vom on playstore. You'd easily see the price variations of different coins over time.

Thanks for making out time to explain though. I'm still following the thread for your contributions

jedisco:


Hehehe... No vex.. didn't mean to confuse folks
The spambot picks up certain words or phrases automatically and hides posts thats why I use betece for instead of spelling it out. Notice a good number of posts are hidden and users automatically banned. That's nairaland for you.

ATH means all time high- look at my explanation for it above
Pdot is a coin just like you have betece and the rest.
Those numbers are prces in dollars. So when I say bought at 15 ish. I mean around 15 dollars.


Fact is if you want to trade this market, you'd have to learn some stuff. Alternatively, the other option would just be to buy and forget it for a long time and not bother about movement. The money made in it is simply based on the confidence in the market. It's not manufactured anywhere. When you buy, someone is selling. So you have to ask yourself if it's sensible to buy at that time.

A good place to start will be to download the crepto app by investing.vom on playstore. You'd easily see the price variations of different coins over time.

I really appreciate you input in this thread hope you don't abandon us.

akpa666:
am ready to trade like long term or even one year self

Good option I'd say. I'd call that a high time frame (HTF) trader.
This is a bullrun and it's come with lots of opportunities. It took years to cook.

Betece leads this market and typically, it gives 2-3 good buying opportunities every year. It's on these moves that most money is made or lost for a trader. If you're trading, you dont want to bet on the wrong direction. I'd say it's good to target these moves and with time you'd know how money moves in this market.

This past year was more of a bonanza as it gave about 3 good HTF moves. First was when it sold off to 4k, second was when it pulled back to 10k. The last was when it broke ATH at 20k. Looking back, these were all sweet opportunities to get in. I'm not sure about now and I'm very careful at these levels.

Wow I just finished reading from page 1.

I really appreciate this thread. For a newbie like me who is just starting to know about crypto, your comments have opened my eyes more. Thank you, guys. Please, lets keep this thread alive. I'll also soon come to share successful tips about Crypro.

Truth be said, alot of folks here are new as there's alot yo learn.

I'd quickly drop some tips

1. This market is unforgiving.
2. A huge drop in price (selloffs) are always more brutal than increase in price... A price increase of 2 months can easily be reversed in a day.
3. Nothing goes up in a straight line
4. The money made here is simply because of the confidence people have in the market that they can buy now and sell higher later.
5. Betece is almost certain to appreciate in price over the years.
6. People who buy when conditions are right and keep to sell at the right time are likely to make more than 90% of day or swing 'traders'. That's a statistical fact.
7. A bull run is very easy to trade and you can double your money in a short time but if you don't learn the basics of how the market moves, you'd loose almost everything. Ask those who survived 2018 in this market.
8. Most of what you need is freely available online. You just have to look in the right place
9. Buying and selling blindly because it has moved up or down is an easy way to loose money. Rather than do that, it's better you buy and forget it for a long time.

There's much to lear which I cant teach. But I'd share some resources I use

The app by investing.com I mentioned above helps me track prices easily. There are other ones too.
There are some interesting youtube cahnnels I follow which helps to give me a pulse of the market.
One is a channel called cryt0 crew university (forget the ads but it has easy tips for beginners). Another is one by Karoush AK which has some tutorials (rarely use it)
If you've got some data, go thru those channels and watch some videos which will teach u alot.
Later, I'd also share some twitter profiles I follow which give me a good pulse of the market. Overall, I make my trading decision myself.

[quote author=Donaldmomo post=98129342][/quote]

I am a newbie o. Still learning

jedisco:


I believe it's in naira right?

I usually follow prices in dollars as I usually trade into dollar coins..

You got in at a good time... And I'd say its worth waiting for 1-2 weeks and see what direction it takes...
It's approaching its previous all time high (i.e the highest price it has ever traded) which was about 1400 usd in 2017/2018.

The usual rational is that most folks who bought large sums when it was cheap will look to sell around there and so price may dump. If however it gets above that level, it simply means buyers likely have the upper hand. Also, most people who have not sold yet at this time are unlikely to sell anytime soon so you can expect the price to move up quickly.

That's similar to what happened when betece broke it's previous ATH at 20k usd and doubled to 40k usd in a short period.

Thanks for the insight and yes i bought in naira my only regret is i didnt buy in large quantity then

Moving foward what coin do y'all think is the best to invest for long term reward

Tinneh:

Thanks for the insight and yes i bought in naira my only regret is i didnt buy in large quantity then

It's always that way with a good trade....

I'd say u bought using naira... You can buy in any currency but the price is independent of the currency you bought in as it's a worldwide traded asset.

Cryptos are very volatile. If you are new, trade some other asset with lower volatility such as stocks.

jedisco:


It's always that way with a good trade....

I'd say u bought using naira... You can buy in any currency but the price is independent of the currency you bought in as it's a worldwide traded asset.

Are all these coins you mentioned found in Luno? Link,etc

gamaliel9:


Are all these coins you mentioned found in Luno? Link,etc

Nope... Stopped trading on Luno, high fees, low liquidity, few options and no stable coin. Bundle seems to be adding offerings quite quickly but it's relatively new so may not be as secure as older ones.
I'd quote a previous response to a similar question

jedisco:


Examples I'd give are Lun0, B1nance, Bundle... They all have apps on the mobile app stores which are quite robust.

For a new entrants, I'd say Bundle is the easiest to use and payout to your bank account in naira is pretty fast. It works off B1nance in a way which gives added liquidity but makes the process pretty smooth. Also their fees are not soo high. B1nance is pretty much the most robust and liquid one there. Has a 'lite' mode as the trading features can get new folks confused. Its also the cheapest interms of trading fees. Lun0 has been available the longest in Nigeria but their fees are relatively the highest and the unavailability of a stable coyn (one priced against the dollar whose price doesn't fluctuate) there makes it less favourable. Also, there's much less liquidity there which can be tiring.

That said, it's not advisable to keep your coyns on exchanges for a long time. Exchanges are like a market place where people come to buy and sell. If keeping for long, it's advisable to get a secure private wallet (preferably hardware) where you can transfer coyns to after buying off exchanges and transfer them back when you need to sell. Most hardware wallets are about the size of a hard drive and can hold an almost infinite value of coyns in your pocket.

bradwilli:
Yeah i am hodling. Pls what app/wallet do you trade with? Thanks bro

I was banned since my last post. Just got back. I use Binance. This is my referral ID.

bradwilli:
in naira its abt 125k,i mean 1000Xrp? Cos i dont get chief

On Binance you can choose to buy in different currency as it has internal conversion for you. For instance I have bought ETH using NGN, BNB, USDT or direct conversion from BTC

Sysdatek:


Getting the bag is a calling

Cheers to those who bought 1inch with me

B
Thanks for the headsup on 1inch. Got in today and I see a good upside.They have great prospects just like DOT and LINK that have been doing good runs.

OvaSabi1:


Please what exchange rate does binance use when you're withdrawing?

They charge N300 fee for withdrawal direct into your bank account

FlyHeight:


My bro, GOD bless you, for daily trading Ripple is actually a great coin, my particular favourite these past few days has been Polkadot on Binance.

Today alone Ripple dropped to 131, I bought in at that price and sold at 133 a few mins ago, an easy profit if you ask me, compared to chasing BTC a that is only profitable when you’re trading in block... If you don’t have Ms you can’t afford to chase BTC at this time except you’re leaving it for the future, but I agree that Ripple, LTC and Polkadot are where it’s at for people looking to really gain experience while trading and making profits

You are a serious trader. I trade as well but my target is 12% margin which I have done with polkadoit, ethereum, bitcoin. Perhaps I will adopt a small mrgin o Ripple which I had bought at N127 and have been holding to hit my 12% to offload. I could have done a couple of trips on Rupple in the last 4 dyas had it been I targeted 5 to6% gain. I will adjust and do some plays today.

Anowax:
Please what could be the reason for failed transaction I get whenever I want to buy coins (BTC, ETH, XRP etc) on Binance. I use my Stanbic IBTC Master debit card. I get the OTP and after filling it I get failed. Please someone should help me. I have been trying this for couple of days now to no avail. Meanwhile my account is verified.

Anyone with an idea as to what could be the cause should help me

Why don't you just transfer funds to your wallet and buy fron the wallet

TheEnlightenedO:



With 100k I’d advise you do Ripple, for instance, at 6am this morning it was just around 134 per XRP, I bought in at 135, and just sold a few mins ago at 142.70.

If you had done same at that price you’d have had 740.7 XRP and if you sold at around 142 just 5 hours later you’d have had 105k. I trade daily and set targets for myself once I hit my target I sell and wait till it drops to a price I’m comfortable buying at again, you can then chose to use your 105k to buy back in at 136 and set another limit order to sell at 142 or even 140, and be gaining your 1% small small by the end of the month you’d gained over 20% and that’s not including days where there will be huge spikes in the price, if you are patient and diligent with it... As regards fees, I set limit orders and I buy straight off the exchange by predicting a median price that I'm comfortable buying at, so when it falls to that price my order fills up... when there’s a spike or a trend and I feel I’m at a point where I’m comfortable I set a low price order to sell, for example when ripple hit 142 this afternoon the lowest sell order on the Luno order book was 142.90, I set mine to sell at 142.70 so my order got filled up quickly and I didn’t pay a cent in charges. Luno is easy to manipulate if you know what you’re doing, it’s when you do express buy or at market rate they charge you heavy

Also try to monitor other coins, there’s times where LTC is the strong point and you’d need to buy in and cash in on it within an hour and switch to other coins.

Excellent, I set 10 coins on Trades screen in Binance and I check the trend and decide which to scoop up and dump once it reaches my target

Ryan03:
so sorry. I downloaded the app but their price is high also they charge for everything you do. Funding your wallet, selling, withdrawal etc. It's just tiring. How do you guys make gain from it?

Use Binance https://www.binance.cc/en/register?ref=RT9KUOV5. Simply the best. Please use my referral link. I had Luno before. I was limited to N200k. I managed to buy BTC with it and when I wanted to transfer the BTC to Binance (having telaised how excellent Binance was) I was not allowed to do for over 24 hrs.

TheEnlightenedO:


I swear it has been a truly amazing run, and if you got in at 4.5, it means you were one of few that saw the light cuz a lot of folks jumped off around that time...

And nothing is more delightful than making triple your money by yourself with so much as no stress at all...

Those guys at buy daily at the top only do so because they notice an upward trend and want to jump on the wagon, once they do and the price flunctuates they panic and dump immediately, and then when they see it’s rising and they jump back on. They need to set targets, if I have 100k and my target for today is 3%, once I make 103k I am out till it drops below the price I initially bought in at or till very early the next morning btw 3-6, and then I monitor or set price alerts for when it hits my next target, I always try to stay within 1-3% daily, even for my losses

You are true Day Trader.

jedisco:
I'd add that this is a bull amrket and it's very easy to trade it.

I got into aave when it broke its previous ATH at 95 and it's doubled...

Look for coins less talked about that are about to or just broke their ATH... In current market conditions, they'd likely double or triple once they do that.

Link for example had done that and currently consolidating above 20... Ive been in it since 9.5. usually, I wouldn't advise anyone to buy a coin that has done 11% in a day or 40% in a week... But on link now, dips are for buying... I wouldn't be shocked it gets to 50-60 in a short time.

For pdot, I suspect it's getting to a local top... I used links last run as a guide as ut seems to be following that... Anything from 19, I'd be taking profits and wait for a dip or switch to eithy..

Fact is eithy would outperform all altys in the long run... That's what most folks forget and are carried away with fast pumps

Nice one. I ahve been following Links too as it has done a 3-day run. I am ready to go in at 19. I have made some money off DOT as well but BTC and ETH are my beau too due to their large swings on a dialy basis

TheEnlightenedO:



With 100k I’d advise you do Ripple, for instance, at 6am this morning it was just around 134 per XRP, I bought in at 135, and just sold a few mins ago at 142.70.

If you had done same at that price you’d have had 740.7 XRP and if you sold at around 142 just 5 hours later you’d have had 105k. I trade daily and set targets for myself once I hit my target I sell and wait till it drops to a price I’m comfortable buying at again, you can then chose to use your 105k to buy back in at 136 and set another limit order to sell at 142 or even 140, and be gaining your 1% small small by the end of the month you’d gained over 20% and that’s not including days where there will be huge spikes in the price, if you are patient and diligent with it... As regards fees, I set limit orders and I buy straight off the exchange by predicting a median price that I'm comfortable buying at, so when it falls to that price my order fills up... when there’s a spike or a trend and I feel I’m at a point where I’m comfortable I set a low price order to sell, for example when ripple hit 142 this afternoon the lowest sell order on the Luno order book was 142.90, I set mine to sell at 142.70 so my order got filled up quickly and I didn’t pay a cent in charges. Luno is easy to manipulate if you know what you’re doing, it’s when you do express buy or at market rate they charge you heavy

Also try to monitor other coins, there’s times where LTC is the strong point and you’d need to buy in and cash in on it within an hour and switch to other coins.

Thanks boss, I really appreciate the analysis... God bless

TheEnlightenedO:


What rate would you be paying? And would your people be comfortable recieving payment in BTC?

May I reach you on WhatsApp boss. I just sent a pm

solreb:

Nice one. I ahve been following Links too as it has done a 3-day run. I am ready to go in at 19. I have made some money off DOT as well but BTC and ETH are my beau too due to their large swings on a dialy basis

I keep off daily trading as I don't have the time or skill to do it. On low timeframes, the market moves largely on liquidity and aims to leave most folks on the wrong side. Also, most folks who do it get chopped up in the long run. There's too much noise on 15 min -1hr charts. Taking a step back and looking at the big picture does help to plan trades as you know where the market is. When I'm sure the market is on an uptrend, I take profits on the way up and add on dips.

There's a lot of talk on DOT now (which concerns me) and I would be exiting soon at least for the time being. It's at these levels that whales start distributing their bags. It's gone x4.5 since my entry... I'm tracking some offerings with similar potentials.

For link, anything below 20 is a buy... It can go as low as 15 and still be a buy for me. From these levels, I'm targeting x2 at least.

I'm getting mixed signals on the market for the next week. Most alts are printing tremendously bullish weekly candles and if betece behaves over the next 2 weeks, it'd be a matter of not selling too early. That said, the general consensus is a huge pump in the next few days but this market rarely follows the majority except in the middle of a run. It always has a way if putting in a twist. But then, alts usually run only when there's euphoria in the market.

solreb:

I was banned since my last post. Just got back. I use Binance. This is my referral ID.

i was banned also and just got back. Why do we get banned for no reason.