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Crypto Currency Investors Thread - Investment (25) - Nairaland

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Re: Crypto Currency Investors Thread by jedisco(m): 2:08pm On Jan 22, 2021
djoe21:


Buy, hodl and pray they win their court case. It is 50/50 but a risk that is worth taking.

To me, Hodl and exrp do not go together. It's the easiest way to get rekt. This is a coyn that has consistently performed much worse than betece and eith over the past several months and folks are saying hodl. It's like having the money but choosing to buy a land in Maiduguri instead of Ikoyi because land in Maiduguri is cheap. Good luck with that.

That said, it seems it's due a temporary reversal against betece and I'm targeting a move up to sell. I wouldn't advise someone new to go anywhere near exrp... I made that mistake and have learnt. Others don't need to make it.
In human nature folks are keen on being superman. They want to say I bought what others were fearful of. Hehehe....Trading is easy when we follow the basics

2 Likes

Re: Crypto Currency Investors Thread by neutral2000: 2:34pm On Jan 22, 2021
I love cryptocurrency

2 Likes

Re: Crypto Currency Investors Thread by Hskyassociate(m): 3:11pm On Jan 22, 2021
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Re: Crypto Currency Investors Thread by PedigreeCity: 3:22pm On Jan 22, 2021
Seems the the Bullish is about to go against Bearish.

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 3:30pm On Jan 22, 2021
Hskyassociate:
Good afternoon all.....

If you want Everyday 5% drop to your .....

Good luck...

How much has dropped to your account and for how long have you been doing this?

4 Likes

Re: Crypto Currency Investors Thread by Jerry59: 4:25pm On Jan 22, 2021
jedisco:
Who else uses the cryptoo fear and greed index for confluence?
It's quite a new one but I've used it in the past to hood effect.

Looking at it, it's quite obvious, the 38-42 level is key... Above that level, we're good below it isnt nice. It had currently dropped to 40, testing it as support... Lets see how it plays with this level over the bext weeks

What's more interesting is that altys have held their levels on this drop
Boss which app did you use for viewing this range of chart
Re: Crypto Currency Investors Thread by tammyboy1(m): 4:32pm On Jan 22, 2021
BabaGrinz:
Na wa oo.....i've been reading thru the comments on this thread and I've come to understand that the only way most of u guys earn btc is by buying and selling asin buy wen d price is low then sell wen it rises..well that's one of d ways to earn cryptos but mind u there r a thousand and one ways to generate btc...like thru exchange asin exchanging crytos..,cloud mining. Using ur hard drive hashrate to get this btc..PTC .,faucet claims...so to all newbies please I'll recommend u make use of google to explore on cryptos currencies on d different ways u can earn it..i would have drops some links bt d last link I drop lead to me been ban ..so instead of relyin on the buyin and sellin strategy wy not explore other means so as u wait 4 d price to rise ur BTC will b accumulating..
#Peace
i just sent you a pm
Re: Crypto Currency Investors Thread by jedisco(m): 4:46pm On Jan 22, 2021
Jerry59:
Boss which app did you use for viewing this range of chart

The crypt0 fear and greed index is freely available online. Just google it.

For other charts, I use trading view

2 Likes

Re: Crypto Currency Investors Thread by Jerry59: 4:50pm On Jan 22, 2021
jedisco:


The crypt0 fear and greed index is freely available online. Just google it.

For other charts, I use trading view
Okay thanks i use trading view and tabtrader
Re: Crypto Currency Investors Thread by jedisco(m): 4:54pm On Jan 22, 2021
Jerry59:
Okay thanks i use trading view and tabtrader

Trading view is great on a PC... Not so muchon the mobile app.
I haven't used tabtrader... I'm looking for a sleek app on Mobile. I'd check out their mob app and see
Re: Crypto Currency Investors Thread by solreb: 6:01pm On Jan 22, 2021
Sailor1:


So why are you promoting something you know is fraudulent? Is it to recoup from naive folks what you lost in the past?
Almost all your posts on this site are on it. I visited the site and they are promising a guaranteed 3% a day on investments. Hehe.
If they can guaranty you 3% a day, in such a volatile market, why are you all over the place looking for referrals?
People are yet to recover from the likes of MBA and several fraudulent agritechs and you're here trying to finetune your yahoo skills. Just so annoying
There are so many HYIP (high yield investment platform) like this that promises 3% daily which are all scams. I lost more than $1000 in 2013 on several of them before I learnt my lessons. My advice is to run away from any of such investments to avoid stories that touch!

2 Likes

Re: Crypto Currency Investors Thread by kings11ng(m): 6:04pm On Jan 22, 2021
Houston17:
Please house, I got BTC for 40k over night via card on Binance. I was charged 400 for charges but when I got alert from my bank and I noticed I was charged 47279. Can anyone explain to me the excess charges?
Same thing that happened when I bought 5k worth... I was charged 8k
Re: Crypto Currency Investors Thread by Houston17(m): 6:08pm On Jan 22, 2021
kings11ng:

Same thing that happened when I bought 5k worth... I was charged 8k

Haaaa. Expert in the house, help us o
Re: Crypto Currency Investors Thread by jedisco(m): 6:10pm On Jan 22, 2021
kings11ng:

Same thing that happened when I bought 5k worth... I was charged 8k

Most exchanges charge a premium when you buy with a card. Such charges are stated clearly.

For Binance, why not fund via a bank transfer

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 6:15pm On Jan 22, 2021
solreb:

There are so many HYIP (high yield investment platform) like this that promises 3% daily which are all scams. I lost more than $1000 in 2013 on several of them before I learnt my lessons. My advice is to run away from any of such investments to avoid stories that touch!

The annoying thing is that the hyip guy keeps jumping around luring folks into his trap for a 1 dollar referral bonus. Just imagine.

He claims to have made betece from over multiple sources but ask him to expatiate on one of those sources and how he's profited and he goes mute.

There are knowledgeable folks here. If one wants to sponsor a fraudulent scheme, he should respect us and at least not be kindergarten about it.

3 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 6:17pm On Jan 22, 2021
MasterGift:
grin grin grin wink smiley

Another trash....

How long have you guys been blindly following this pi network?

It's because of folks like you that discussion on crypt0 were banned here for a long time.

2 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 6:36pm On Jan 22, 2021
luvlyoracle:
bought at 0.65

Your ren, link, dot and ada should be back at breakeven or close to it. You see the reason why one should not panic sell or panic buy...

The question is what do you plan on doing now?
Re: Crypto Currency Investors Thread by solreb: 6:40pm On Jan 22, 2021
MENTE:
LUNO charges too high, can someone recommend a better crypto wallet?
Use Binance. I bailed out of LUNO too. Here is my referral link. https://www.binance.com/en/register?ref=65396551
Re: Crypto Currency Investors Thread by Robnectar(m): 6:43pm On Jan 22, 2021
Re: Crypto Currency Investors Thread by luvlyoracle(m): 6:48pm On Jan 22, 2021
jedisco:


Your ren, link, dot and ada should be back at breakeven or close to it. You see the reason why one should not panic sell or panic buy...

The question is what do you plan on doing now?
Yea...unfortunately i sold...currently regretting why i sold... I sold when Btc was 29k and bought again at 31500...currently no reserves for REN and ADA
We learn everyday though..
My plan is to leave long term.



At this point my stakes are mostly 40%Link and 40%dot.

20percent Atom


My question now is which of these coins do you think would give high returns so i could withdraw and invest more as am abit at loss currently.
Re: Crypto Currency Investors Thread by JoelMurray2020: 6:59pm On Jan 22, 2021
That's it. I don't see a reason why id use card when bank transfer option is available and way more cheaper.

jedisco:


Most exchanges charge a premium when you buy with a card. Such charges are stated clearly.

For Binance, why not fund via a bank transfer

3 Likes

Re: Crypto Currency Investors Thread by Houston17(m): 7:19pm On Jan 22, 2021
JoelMurray2020:
That's it. I don't see a reason why id use card when bank transfer option is available and way more cheaper.


But I noticed the amount charged via Fiat is much more than that of card. For instance ET eh cost 515k approximately with card but via Fiat it cost 599k
Re: Crypto Currency Investors Thread by jedisco(m): 7:25pm On Jan 22, 2021
luvlyoracle:
Yea...unfortunately i sold...currently regretting why i sold... I sold when Btc was 29k and bought again at 31500...currently no reserves for REN and ADA
We learn everyday though..
My plan is to leave long term.

At this point my stakes are mostly 40%Link and 40%dot.

20percent Atom

My question now is which of these coins do you think would give high returns so i could withdraw and invest more as am abit at loss currently.

Oops... Buy high, sell low. You literally sold the bottom..you remind me of myself when I started. How are you sure betcoin will not give u another chance to buy at 29-30 in the coming days?

That's why I advise folks against day trading. If you're not skilled, you get caught in that trap if you don't see the big picture.

You made at least 5 mistakes which are
1. Panic sell- self explanatory. This is very different from cutting your losses when things don't go your way. That is risk management while this is giving your money to the market

2. You sold into support- in this space, never sell into support moreso a very strong one. If you want to sell, do that after it's lost support and confirming it as resistance.

3. You followed the crowd- in this space, market sentiment is key. It almost never fails. The majority are ALWAYS wrong at the extremes of a trend. They may be right when the trend is in play. There are people I follow on Twitter to guage market pulse. Once I log in and most are saying eith will pump, I just know it wouldn't. You should profit from the sentiment and not be the sentiment others profit from.

4. You buy on red days not sell. This is tricky so you don't try to catch a falling knife. Betece doesn't dump 10-15% everyday. Ask yourself, how much lower can it dump before you panic sell... Like I said b4, a proper dump will not give u the opportunity to sell once the trend changes... You'd see what I mean soon.

5. You didn't see the big picture- that's why most early day traders are eaten up by whales. Some new folks here just buy blindly, hope it goes up so they sell. That's the second easiest way to serve yourself as dinner in this space. Nothing moves up or down for no reason. To profit from the volatility, you have to have know where and at what level it's likely to move up or down. The first is trading leverage without risk management.

The big picture is simple.. between 20-29k is a support cluster. There's 28k, 25.5k, 23k and 20k. These would all be tested one after the other in a drop and it can bounce at any of them before continuing down. If you had this in mind, you'd see that selling at 29k wasn't sensible.. cos even if it continued to 25k, it'd likely bounce back to 29k before continuing down.

Don't feel bad about it. We all make mistakes.. the issue os not to repeat them.

11 Likes 3 Shares

Re: Crypto Currency Investors Thread by DenreleDave(m): 7:26pm On Jan 22, 2021
Houston17:


Haaaa. Expert in the house, help us o

Via luno or which one coz luno has never Donethat to me

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 7:37pm On Jan 22, 2021
luvlyoracle:
Yea...unfortunately i sold...currently regretting why i sold... I sold when Btc was 29k and bought again at 31500...currently no reserves for REN and ADA
We learn everyday though..
My plan is to leave long term.



At this point my stakes are mostly 40%Link and 40%dot.

20percent Atom


My question now is which of these coins do you think would give high returns so i could withdraw and invest more as am abit at loss currently.

Regarding your coins, I'd say look at certain things.

Dot, is currently the 3rd highest market cap by volume. It's gone from 4 to 20 in under a month. It's in a bubble already. I can't say if this is the top cos it can keep going parabolic, but I wouldn't advise to have 40% of your portfolio in it at this stage. It'd retrace and it's retrace wouldn't be sweet. It'd do that when others are pumping.

I took half of my stash out btw 17-18... I'm watching how it plays with the 20 level... Personally, I don't think there's much steam left in it.

Ren is a sweet one if you're a day trader. It goes up and down anyhow... The 0.5- 0.6 level is now strong demand which it has retested. It should run in the coming days but give it a breather...

Ada... This has moved heavily in the past weeks, it'd still move but don't get stuck on it.

Link- this is the sweetest for me... Clean break of ATH and retest... My worry is that many folksare talking about it hence it's pump may be dalayed... But it'd sure move and when it moves, it moves.

Finally if youre here for the long term, why are you not in eith? Hope you know it'd perform all these you listed aside betece in the long run. Once it breaksATH and moves, then going into other smaller altys would be free money..

That said, betece has had a major move, it's unlikely to be a V-reversal. It should take sometime. It needs to consolidate a bit, and you can't tell how altys will behave... So far they've done well, but if it shows weakness, they may drop further

2 Likes

Re: Crypto Currency Investors Thread by jedisco(m): 7:46pm On Jan 22, 2021
Houston17:


But I noticed the amount charged via Fiat is much more than that of card. For instance ET eh cost 515k approximately with card but via Fiat it cost 599k

I doubt you're sure of what you're saying.

On binance, if you deposit fiat, you can set to at market price and pay a very tiny sum as trading fee. Buying directly with card wouldn't be cheaper except you're going about it the wrong way
Re: Crypto Currency Investors Thread by FlyHeight: 8:03pm On Jan 22, 2021
Houston17:

9k

Been trading cryp for 3 years now and I’ve never heard of this... And myself and a few others on here have suggested using the bank transfer option but hey what do we know

1 Like

Re: Crypto Currency Investors Thread by FlyHeight: 8:04pm On Jan 22, 2021
DenreleDave:


Via luno or which one coz luno has never Donethat to me

Thank you
Re: Crypto Currency Investors Thread by Nobody: 8:05pm On Jan 22, 2021
DenreleDave:


Via luno or which one coz luno has never Donethat to me
they do. 12k plus was charge from me yesterday after buying E th. They do bro
Re: Crypto Currency Investors Thread by FlyHeight: 8:07pm On Jan 22, 2021
jedisco:


Regarding your coins, I'd say look at certain things.

Dot, is currently the 3rd highest market cap by volume. It's gone from 4 to 20 in under a month. It's in a bubble already. I can't say if this is the top cos it can keep going parabolic, but I wouldn't advise to have 40% of your portfolio in it at this stage. It'd retrace and it's retrace wouldn't be sweet. It'd do that when others are pumping.

I took half of my stash out btw 17-18... I'm watching how it plays with the 20 level... Personally, I don't think there's much steam left in it.

Ren is a sweet one if you're a day trader. It goes up and down anyhow... The 0.5- 0.6 level is now strong demand which it has retested. It should run in the coming days but give it a breather...

Ada... This has moved heavily in the past weeks, it'd still move but don't get stuck on it.

Link- this is the sweetest for me... Clean break of ATH and retest... My worry is that many folksare talking about it hence it's pump may be dalayed... But it'd sure move and when it moves, it moves.

Finally if youre here for the long term, why are you not in eith? Hope you know it'd perform all these you listed aside betece in the long run. Once it breaksATH and moves, then going into other smaller altys would be free money..

That said, betece has had a major move, it's unlikely to be a V-reversal. It should take sometime. It needs to consolidate a bit, and you can't tell how altys will behave... So far they've done well, but if it shows weakness, they may drop further

Finally someone that gets the basic concept of day trading, you should only say trade with qoins that go up and down at least a couple % a day, it’s funny seeing people ask questions about this and going back to do something else... Half the guys here say which is best to get into & you ask is it long term or short term, they say long term, end up buying and expect profits from the exact same day, if you’re buying long term, i see no reason why you should have issues with prices falling when you’re confident of your projection

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