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Crypto Currency Investors Thread - Investment (40) - Nairaland

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Re: Crypto Currency Investors Thread by MyChoice1: 10:23am On Jan 28, 2021
jasp12:


For example a coin is $22, assuming I'm already in profit....I want an instance where I can put a limit to sell immediately it drops to $21.8 at by nance

In this instance, you click on sell, then click on limit, select stop limit from the drop box. Type in the price you want to sell the coyn in the limit bar, type in the $21.8 in the stop limit bar, then input the quantity you wish to sell and click on sell.

3 Likes 1 Share

Re: Crypto Currency Investors Thread by Jerry59: 10:24am On Jan 28, 2021
Jmandotcom:
I also need physical mentorship, please. Especially in the aspect of technical analysis. I want to be able to understand charts and be able to make strong predictions on coyns and price movements. I'm a newbie in this game.

Like few days ago, I bought COMP at 212dols and in less than 30hrs, it went up to 240. I spotted the increase through the binance notification I set and quickly sold my comp because based on my guess, the price could come down again. And really, the price came down the next day. It's been dwindling around 220 ever since. I just based my ability to exit and take profit at a good time as being based on luck or just pure gut. It had nothing to do with analysis. So I thought if I could make profit using just my feeling on comp, I would make much more profit if I can understand chart patterns, price trends, etc. And if I don't understand these things, I might not be as lucky another time. Anyone in Abj who knows ta, etc and would like to teach for free or a fee should please indicate. I want to learn as much as I can about crypto.
It’s advisable to google about technical analysis and also watch YouTube videos. You’ll find a lot on YouTube. Finally don’t follow analysis blindly if it were that easy to make money by merely looking at analysis a lot of us should be making a killing by now

2 Likes

Re: Crypto Currency Investors Thread by ApostleBlack(m): 10:28am On Jan 28, 2021
jedisco:


Hehe... You bought this am and want to collapse this am into Eithy..

Lemme ask out of curiosity... Why did you buy dot and whats your sell target?

Hmm, thanks for the response.

I bought DOT based on some recommendation on YouTube to hold.

But I'm not ready to hold any shitty coyn more than 3 - 6 months and no sell target yet

Can you kindly share your opinion on DOT please?
Re: Crypto Currency Investors Thread by JoelMurray2020: 10:34am On Jan 28, 2021
Ok..
Re: Crypto Currency Investors Thread by JoelMurray2020: 10:35am On Jan 28, 2021
DOT has not been doing well lately o. I sold mine already.
Re: Crypto Currency Investors Thread by JoelMurray2020: 10:37am On Jan 28, 2021
If it's for long term, I think you can still hold. But it's not advisable for daily trading.
Re: Crypto Currency Investors Thread by jedisco(m): 10:39am On Jan 28, 2021
niqqaclaimz:



It's all part of the learning process.. Most of us made Same mistake when we started and then experience taught us better.

Yeah... We all made that mistake... Buying and thinking it'd only go up. Then when it dips, we sell the bottom.

One of the reasons of this thread is to leverage on the experience of others and reduce certain mistakes

5 Likes 1 Share

Re: Crypto Currency Investors Thread by MyChoice1: 10:42am On Jan 28, 2021
JoelMurray2020:
If it's for long term, I think you can still hold. But it's not advisable for daily trading.

Hmm.. I tried dot and link but they decided to blow after I dumped them. I bought ren and it has refused to go up tempting me to dump it...lol
Re: Crypto Currency Investors Thread by jedisco(m): 10:44am On Jan 28, 2021
Jmandotcom:
I also need physical mentorship, please. Especially in the aspect of technical analysis. I want to be able to understand charts and be able to make strong predictions on coyns and price movements. I'm a newbie in this game.

Like few days ago, I bought COMP at 212dols and in less than 30hrs, it went up to 240. I spotted the increase through the binance notification I set and quickly sold my comp because based on my guess, the price could come down again. And really, the price came down the next day. It's been dwindling around 220 ever since. I just based my ability to exit and take profit at a good time as being based on luck or just pure gut. It had nothing to do with analysis. So I thought if I could make profit using just my feeling on comp, I would make much more profit if I can understand chart patterns, price trends, etc. And if I don't understand these things, I might not be as lucky another time. Anyone in Abj who knows ta, etc and would like to teach for free or a fee should please indicate. I want to learn as much as I can about crypto.

Basic TA is not so difficult... Can be tricky to interpret... It's good you want to learn it, would sure help your trading. The fundamentals always win.

Four things to look into are
Risk management
Market cycles
TA
PA


We're in a bull run, so it's easy to make money. Betece has fallen over 30% and most altys are trading higher than they were when it was at 40k. When we flip bear, such betece moves would cause an 80% drop in altys... You'd dread holding altys then

2 Likes

Re: Crypto Currency Investors Thread by Jmandotcom: 10:47am On Jan 28, 2021
Thanks for this
Jerry59:
It’s advisable to google about technical analysis and also watch YouTube videos. You’ll find a lot on YouTube. Finally don’t follow analysis blindly if it were that easy to make money by merely looking at analysis a lot of us should be making a killing by now

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 10:47am On Jan 28, 2021
TheZebra:

What potential coin do you think will make this high percentage? I remember about a month ago, this same doge made over 60% in a day, boy i was shock. I'm currently in pains because i wanted buying doge a day before yesterday and waking up today to see it over 35% breaks my heart. I know it's risky but i still want to time my entry into it, or better still, what alty has such potential?

Was in that too... Saw the early moves and got in at 0.004- 0.0045... annoyingly, I set it to sell at 0.0054... we all know it hit 0.0145 that day... Was super annoyed...

Today, my targets were hit sweetly.... Looking to reenter for another round... These moves can be tricky so it's a small portion of my portfolio I use

1 Like

Re: Crypto Currency Investors Thread by Jmandotcom: 10:48am On Jan 28, 2021
I'll take note of these too. Thanks
jedisco:


Basic TA is not so difficult... Can be tricky to interpret... It's good you want to learn it, would sure help your trading. The fundamentals always win.

Four things to look into are
Risk management
Market cycles
TA
PA


We're in a bull run, so it's easy to make money. Betece has fallen over 30% and most altys are trading higher than they were when it was at 40k. When we flip bear, such betece moves would cause an 80% drop in altys... You'd dread holding altys then
Re: Crypto Currency Investors Thread by jedisco(m): 10:48am On Jan 28, 2021
Rilwayne001:
Hi guys, which coin can one buy based on long term prospect?

Simple...betece..
You decide when to buy
Re: Crypto Currency Investors Thread by jedisco(m): 11:00am On Jan 28, 2021
ApostleBlack:


Hmm, thanks for the response.

I bought DOT based on some recommendation on YouTube to hold.

But I'm not ready to hold any shitty coyn more than 3 - 6 months and no sell target yet

Can you kindly share your opinion on DOT please?

What are your sell targets?

3-6 months can be a long time to hold random altys blindly. They may pump and dump back lower than your entry point in that time. From your prices, you didn't buy early... You bought within a run so a huge correction would likely sweep your profit.

Recommendations are to be timed in... If not, you end up buying people's heavy bags who'd wait to buy back from you at much lower prices.

In this market, some new alyts go crazy with every bull run... It doesn't matter whether they're strong projects or not, they'd dump the most when a correction comes.... Initially, their bounce would be good until they capitulate.
Nothing goes up in a straight line.

Also, there's something called distribution... After some coins go on a huge run, rather than selloff quickly, they seem to be propped up so whales can slowly sell their bags to retail money before a huge dump ensues.


For dot, it may still have some upside room depending on what betece does but I'm not holding my breath.... That's its weekly chart below... It's done over 400% in a month... It's worth considering that

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Re: Crypto Currency Investors Thread by jedisco(m): 11:02am On Jan 28, 2021
MyChoice1:


Hmm.. I tried dot and link but they decided to blow after I dumped them. I bought ren and it has refused to go up tempting me to dump it...lol

Hehe... Learn from the mistakes from your last trade before moving to another...

You'd likely run to buy the top of another coin nd ren will move, then you may repeat same process again.

2 Likes

Re: Crypto Currency Investors Thread by ApostleBlack(m): 11:32am On Jan 28, 2021
jedisco:


What are your sell targets?

3-6 months can be a long time to hold random altys blindly. They may pump and dump back lower than your entry point in that time. From your prices, you didn't buy early... You bought within a run so a huge correction would likely sweep your profit.

Recommendations are to be timed in... If not, you end up buying people's heavy bags who'd wait to buy back from you at much lower prices.

In this market, some new alyts go crazy with every bull run... It doesn't matter whether they're strong projects or not, they'd dump the most when a correction comes.... Initially, their bounce would be good until they capitulate.
Nothing goes up in a straight line.

Also, there's something called distribution... After some coins go on a huge run, rather than selloff quickly, they seem to be propped up so whales can slowly sell their bags to retail money before a huge dump ensues.


For dot, it may still have some upside room depending on what betece does but I'm not holding my breath.... That's its weekly chart below... It's done over 400% in a month... It's worth considering that

OK. Thank you
Re: Crypto Currency Investors Thread by JoelMurray2020: 12:10pm On Jan 28, 2021
Chai
MyChoice1:


Hmm.. I tried dot and link but they decided to blow after I dumped them. I bought ren and it has refused to go up tempting me to dump it...lol
Re: Crypto Currency Investors Thread by jasp12(m): 1:42pm On Jan 28, 2021
MyChoice1:


In this instance, you click on sell, then click on limit, select stop limit from the drop box. Type in the price you want to sell the coyn in the limit bar, type in the $21.8 in the stop limit bar, then input the quantity you wish to sell and click on sell.

Ok thanks
Re: Crypto Currency Investors Thread by jedisco(m): 1:58pm On Jan 28, 2021
Altys bounce looking sweet...

Still in aave... Let's see what it does above 300.

Doge profits cycled into YFI at 28500... I think it's yet to lift...
Algo also lagging...
Looking at the link and algo weekly charts, they tell a good story...
All we need is betece to hold.. it's hanging by a thin rope... It's tested the 30k level 3 times... I'm not keen on a 4th..needs to reclaim some levels and do it quick so as not to nuke with the whole market

In summary, 30-31K needs to hold and betece needs to start moving ASAP

1 Like

Re: Crypto Currency Investors Thread by DenreleDave(m): 2:08pm On Jan 28, 2021
jedisco:
Altys bounce looking sweet...

Still in aave... Let's see what it does above 300.

Doge profits cycled into YFI at 28500... I think it's yet to lift...
Algo also lagging...
Looking at the link and algo weekly charts, they tell a good story...
All we need is betece to hold.. it's hanging by a thin rope... It's tested the 30k level 3 times... I'm not keen on a 4th..needs to reclaim some levels and do it quick so as not to nuke with the whole market

In summary, 30-31K needs to hold and betece needs to start moving ASAP

This platform is which application??
Re: Crypto Currency Investors Thread by Benagro: 2:27pm On Jan 28, 2021
solace89:


Arepo?
oh that's great, how do I connect with you sir
Re: Crypto Currency Investors Thread by oyedun82(m): 3:02pm On Jan 28, 2021
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Re: Crypto Currency Investors Thread by BrokerHaruna: 3:10pm On Jan 28, 2021
XRP has the potential to will make people really rich.
Re: Crypto Currency Investors Thread by imagrg(m): 3:23pm On Jan 28, 2021
Please, crypto analysers, is it safe to buy xrp/Ripples and hold till December this year?
Re: Crypto Currency Investors Thread by 2eggs1goal: 3:41pm On Jan 28, 2021
Xrp has issues with Sec, so any body buying should dyor..
Re: Crypto Currency Investors Thread by niqqaclaimz(m): 3:52pm On Jan 28, 2021
BrokerHaruna:
XRP has the potential to will make people really rich.

How's their case looking at moment? Have they settled with SEC?
Re: Crypto Currency Investors Thread by jedisco(m): 3:57pm On Jan 28, 2021

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Re: Crypto Currency Investors Thread by jedisco(m): 4:01pm On Jan 28, 2021
BrokerHaruna:
XRP has the potential to will make people really rich.

Hehehe....xrp... I was once a fan

Guess what, stellar (xlm) and xrp are related and they usually move together. Moreso, it moves more than it.
If you're so sure about xrp, then it may be better to buy xlm instead.

Every bull run has it's altys. Don't get married to 2017 altys in 2020

Remember, once betece corrects, everything would follow both the ones that have pumped and those were yet to pump

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 4:06pm On Jan 28, 2021
DOGE!!! crazy... Seems i stepped out too early again... Not chasing a green candle though
Re: Crypto Currency Investors Thread by 2eggs1goal: 4:33pm On Jan 28, 2021
jedisco:
DOGE!!! crazy... Seems i stepped out too early again... Not chasing a green candle though
It's gonna keep pumping till the weekend... people are tired of the establishment like the controlled stock market

1 Like

Re: Crypto Currency Investors Thread by jedisco(m): 4:39pm On Jan 28, 2021
2eggs1goal:

It's gonna keep pumping till the weekend... people are tired of the establishment like the controlled stock market

Hehe... Don't get caught holding a fat bag though

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