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Crypto Currency Investors Thread - Investment (56) - Nairaland

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Re: Crypto Currency Investors Thread by Sailor1: 12:54am On Jan 31, 2021
This month has been a gift...

There's a reason I keep advising folks about patience.

On 03/01, I bought good amount of uni for 5.1 usd, today I sold half of my stash for 19.5. Held it and didn't bother too much about the up and fown movements. That's almost x4 in less than 30 days...
Now I'm wondering if to cycle profits into some others which still have prospects like atom, band, zil I mentioned b4 or just keep profits in stables

It's not everyday we get these opportunities. Maximize them cos they don't last long.


Just for laughs, I'd post some funny screenshots I saw on twitter about the doge debacle

1 Like

Re: Crypto Currency Investors Thread by Cadec007(m): 1:53am On Jan 31, 2021
Please house I have a Q.. Is it compulsory to verify my identity on blockchain to buy or send/transfer cryypto?

Asking because NIMC slip was rejected...
Re: Crypto Currency Investors Thread by Ojemedad: 2:20am On Jan 31, 2021
Cadec007:
Please house I have a Q.. Is it compulsory to verify my identity on blockchain to buy or send/transfer cryypto?

Asking because NIMC slip was rejected...

Yes it is and highly recommended, try other options

1 Like

Re: Crypto Currency Investors Thread by kolagbemi(m): 4:01am On Jan 31, 2021
Sailor1:
For those asking,

These are pairs I followed this run...

I'm definitely not in all of them as thats a recipe for disaster. Most are good projects. Apart from atom, I haven't added any in over a month.

I like to focus on about 5 strong ones and allocate a small percentage of my portfolio on some of the rest

I can guagr the best performers and those lagging e.t.c. know which ones who have held structure on a dip and know where to add.

Henceforth, I'm going to use a strategy to buy at the lowest price but the problem is knowing when they are at the lowest price

1 Like

Re: Crypto Currency Investors Thread by Akinola2345(m): 6:31am On Jan 31, 2021
Hi guru...

Will xrp touch #500

1 Like

Re: Crypto Currency Investors Thread by Robnectar(m): 6:59am On Jan 31, 2021
any trader here staying in lagos plz!
Re: Crypto Currency Investors Thread by Robnectar(m): 7:00am On Jan 31, 2021
Akinola2345:
Hi guru...
Will xrp touch #500



hwfar nah akinola
Re: Crypto Currency Investors Thread by Pojomojo: 7:20am On Jan 31, 2021
Akinola2345:
Hi guru...
Will xrp touch #500
it may it currently at =N=202
Re: Crypto Currency Investors Thread by Sailor1: 7:53am On Jan 31, 2021
kolagbemi:


Henceforth, I'm going to use a strategy to buy at the lowest price but the problem is knowing when they are at the lowest price

It depends on what timeframe you want to trade and what market cycle we're in.

For a HTF trader, it's easier to know when to buy... On significantly red weeks when some moving averages or HTF support have been respected.

It gets more tricky as you reduce the time frames...

We've seen microcaps do several multiples in recent day.... It simply means a change of market momentum is around the corner...

Either money flows back into fiat or back to betece to resume another cycle. That said, at this stage of the market, betece is unlikely to pump alone. It'd likely carry other coyns along. But those microcaps would retrace significantly
Re: Crypto Currency Investors Thread by Sailor1: 8:04am On Jan 31, 2021
Sailor1:


It depends on what timeframe you want to trade and what market cycle we're in.

For a HTF trader, it's easier to know when to buy... On significantly red weeks when some moving averages or HTF support have been respected.

It gets more tricky as you reduce the time frames...

We've seen microcaps do several multiples in recent day.... It simply means a change of market momentum is around the corner...

Either money flows back into fiat or back to betece to resume another cycle. That said, at this stage of the market, betece is unlikely to pump alone. It'd likely carry other coyns along. But those microcaps would retrace significantly

An update on this;
Split profits in 3 ways
Yesterday, I cycled into atom (@8.1). Didn't get into Band as I have a good stack already. Added some sxp as I was confident it held the 1.2 level.
Got bids between zil at 0.72 and 0.7.

Good thing, those coins are showing strength todays

For the remaining uni stack, I'd sell most today, cycle it into eith and leave the rest as fiat
Re: Crypto Currency Investors Thread by lovinhubby2wife(m): 8:34am On Jan 31, 2021
I withdrew from ripple two days ago after making 4percent profit and bought Betece with the money. Now ripple just went up by over 50%. Shit I missed another opportunity..

1 Like

Re: Crypto Currency Investors Thread by Ludlum(m): 8:58am On Jan 31, 2021
guys buy ripple and hold till Monday because it gonna be pumped

2 Likes

Re: Crypto Currency Investors Thread by Cadec007(m): 9:04am On Jan 31, 2021
Ojemedad:


Yes it is and highly recommended, try other options
ok.. Thank you..
Re: Crypto Currency Investors Thread by Akinola2345(m): 9:20am On Jan 31, 2021
Ludlum:
guys buy ripple and hold till Monday because it gonna be pumped

Yes it has been predicted.... On Monday ppl are watching.
Re: Crypto Currency Investors Thread by Akinola2345(m): 9:24am On Jan 31, 2021
Ludlum:
guys buy ripple and hold till Monday because it gonna be pumped
Is going over #500 this week...
Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 9:25am On Jan 31, 2021
Ludlum:
guys buy ripple and hold till Monday because it gonna be pumped

Pumping Doge took millions of people coming together on Redit.

150 thousand people cannot pump XRP.
Re: Crypto Currency Investors Thread by Sailor1: 9:36am On Jan 31, 2021
lovinhubby2wife:
I withdrew from ripple two days ago after making 4percent profit and bought Betece with the money. Now ripple just went up by over 50%. Shit I missed another opportunity..

It's gone... We all miss trades.
Hope you're not planning on selling the betece back into ripple
Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 9:37am On Jan 31, 2021
Sailor1:


It's gone... We all miss trades.
Hope you're not planning on selling the betece back into ripple

Emotional trade - if he does he would lose money
Re: Crypto Currency Investors Thread by TheEnlightenedO(m): 9:41am On Jan 31, 2021
OpenHeaven2019:


Pumping Doge took millions of people coming together on Redit.

150 thousand people cannot pump XRP.

This is where you’re wrong! Pumping GameStop, and Doge took less than 80k people on Reddit... It’s not quantity but quality... 100 out of that 80k might have portfolio worth 100k usd each and that’s all it would really take to make a price hike... I have been following three out of the instigators of the Reddit thing for over 3 years now and each of them are regular gamers who do nothing but game, yet the brokest has over 10m usd in Crypt0 right now; there’s ways to pump prices even on Lno, if you have a large number of qoins to sell if rip market price is 202 and I placed the closest sell order for 205 and I want to sell my my stuff quickly I only need to place a small buy order for perhaps 203.5 for maybe 20 rip and set another sell order for about 500 rip at 204 with my major dump right behind it by a few kobo to drive the price up long enough for me to dump where I please: only applies if you do it the exact way and have volume (over 4000)
Re: Crypto Currency Investors Thread by Sailor1: 9:44am On Jan 31, 2021
OpenHeaven2019:


Pumping Doge took millions of people coming together on Redit.

150 thousand people cannot pump XRP.

It's a much larger cap and would take significantly more to pump. It

It was already primed for a huge pump like xlm before U.S delisting and subsequenr sell off, alot of folks capitulated and sold. Those who didn't sell initially, sold into subsequent pumps. So the selling pressure is definitely less now and those who held are looking for higher prices.

The doge pump was going to happen even without the Reddit group. That group only made it substantially more. It's a coin that pumps that way at certain times in the market so people were confident it'd pump higher that's why they held and bought at higher prices.

Ripple has same characteristics of huge steep pumps in the past... If it starts moving, folks will rush in so as not to miss out.
It's slowly approaching the 0.5 usd level it got resisted from yesterday. If it can take it out and flip it as support, then it'd start accelerating quite quickly. Failure to do that would mean the pump might be over for now
Re: Crypto Currency Investors Thread by TheEnlightenedO(m): 9:44am On Jan 31, 2021
Sailor1:


It's gone... We all miss trades.
Hope you're not planning on selling the betece back into ripple

I swear we all do; I agree, it hurts sometimes but it’s best to wait it out till you find a comfortable dip to buy back in, most people make the mistake of buying back in at the top cuz they believe it will keep soaring. Truth is if rip stays just around 200 till close of today, it is gonna go up a bit more, I doubt it’d hit anywhere near 500 though ( perhaps 350-390 at best ($1)
Re: Crypto Currency Investors Thread by Sailor1: 9:55am On Jan 31, 2021
TheEnlightenedO:


I swear we all do; I agree, it hurts sometimes but it’s best to wait it out till you find a comfortable dip to buy back in, most people make the mistake of buying back in at the top cuz they believe it will keep soaring. Truth is if rip stays just around 200 till close of today, it is gonna go up a bit more, I doubt it’d hit anywhere near 500 though ( perhaps 350-390 at best ($1)

I swear... For example, I got stopped out from zil last year for 0.22 only for it to continue rising in the coming weeks to 0.1. That was almost x5. It was so annoying cos I knew it was going to pump but my stop loss was hit.

Not I'm not as annoyed with such. As far as I kep to my trading plan....


I agree with you on rip. A weekly close at this level will be a huge step... On it's last pump, it reversed between 0.8-1 usd. That'd be an area of interest this time but it'd have to get pat 0.6 first
Re: Crypto Currency Investors Thread by AbdulJabbar1: 10:09am On Jan 31, 2021
Sailor1:


I swear... For example, I got stopped out from zil last year for 0.22 only for it to continue rising in the coming weeks to 0.1. That was almost x5. It was so annoying cos I knew it was going to pump but my stop loss was hit.

Not I'm not as annoyed with such. As far as I kep to my trading plan....


I agree with you on rip. A weekly close at this level will be a huge step... On it's last pump, it reversed between 0.8-1 usd. That'd be an area of interest this time but it'd have to get pat 0.6 first

Keeping to that trading plan and targets are very important, if one gets lucky and surpasses it all well and good but tempting fate is just something else.
Re: Crypto Currency Investors Thread by puregrace(m): 10:10am On Jan 31, 2021
I bought ripple at 139 now it's 218.
Good risk there

3 Likes

Re: Crypto Currency Investors Thread by kolagbemi(m): 10:20am On Jan 31, 2021
Sailor1:


An update on this;
Split profits in 3 ways
Yesterday, I cycled into atom (@8.1). Didn't get into Band as I have a good stack already. Added some sxp as I was confident it held the 1.2 level.
Got bids between zil at 0.72 and 0.7.

Good thing, those coins are showing strength todays

For the remaining uni stack, I'd sell most today, cycle it into eith and leave the rest as fiat

I wouldn't lie, all I want is to make my loss back. I'm prepared to play very safe. I now understand the more you chase prices jumping up and down, the more your loss. DOGE did me dirty and I'm not happy.

However, I'm not prepared to loss more. I just want coins with potential that I can wait on....I will rather wait 3-months to make money than lost money in 1-6days.

I've not been able to identify potentials and at what price to enter and profit limit possible. I don't want to set big profit target and end up not getting a bite.

I currently have DOGE bought at 0.035....I planned to leave it till it climb back to .065..I don't know when that will happen but I can wait.

I bought Stellar at 0.31...i'm also prepare to wait.

I have no idea where to set my profit limit not to be over ambitious.

Gurus Kindly help.

2 Likes

Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 10:25am On Jan 31, 2021
kolagbemi:


I wouldn't lie, all I want is to make my loss back. I'm prepared to play very safe. I now understand the more you chase prices jumping up and down, the more your loss. DOGE did me dirty and I'm not happy.

However, I'm not prepared to loss more. I just want coins with potential that I can wait on....I will rather wait 3-months to make money than lost money in 1-6days.

I've not been able to identify potentials and at what price to enter and profit limit possible. I don't want to set big profit target and end up not getting a bite.

I currently have DOGE bought at 0.035....I planned to leave it till it climb back to .065..I don't know when that will happen but I can wait.

I bought Stellar at 0.31...i'm also prepare to wait.

I have no idea where to set my profit limit not to be over ambitious.

Gurus Kindly help.

This is the mindset.

I bought a low cap gem ($HTR) on Kucoin.

And I am gonna hold it for for the whole year.

I don’t care about daily movements.
Re: Crypto Currency Investors Thread by Ludlum(m): 10:36am On Jan 31, 2021
Akinola2345:
Is going over #500 this week...
yes
Re: Crypto Currency Investors Thread by tammyboy1(m): 10:37am On Jan 31, 2021
puregrace:
I bought ripple at 139 now it's 218.
Good risk there
do you think it will hit 1dollar? Or it's just a pump and dump
Re: Crypto Currency Investors Thread by Sailor1: 10:41am On Jan 31, 2021
puregrace:
I bought ripple at 139 now it's 218.
Good risk there

I'm seeing a similar fractal I saw with doge on the 15min chart... Constant buying pressure up to the 0.5 level. This is telling for a coyn of xrp's market cap... Let's see what it does at that level

Re: Crypto Currency Investors Thread by Sailor1: 10:59am On Jan 31, 2021
kolagbemi:


I wouldn't lie, all I want is to make my loss back. I'm prepared to play very safe. I now understand the more you chase prices jumping up and down, the more your loss. DOGE did me dirty and I'm not happy.

However, I'm not prepared to loss more. I just want coins with potential that I can wait on....I will rather wait 3-months to make money than lost money in 1-6days.

I've not been able to identify potentials and at what price to enter and profit limit possible. I don't want to set big profit target and end up not getting a bite.

I currently have DOGE bought at 0.035....I planned to leave it till it climb back to .065..I don't know when that will happen but I can wait.

I bought Stellar at 0.31...i'm also prepare to wait.

I have no idea where to set my profit limit not to be over ambitious.

Gurus Kindly help.
First and foremost, forget about your loss. It's happened. The easiest way to incur more loss is by chasing that loss. Lol @doge doing you dirty...

On doge, I'm tempted to say hold for an exit pump but is seems that has happened already. This market is brutal and I wouldn't be surprised to see doge at 0.1 tomorrow especially if betece takes off. Technicals point to further downside. Sometimes, the most sensible thing to do is to cut your losses rather than burying ones self the more. If doge dips to 0.1, you'd wish you sold at this level.


For stellar, I'd post the monthly chart for the past 4 years. Look at the current pump and youd see it was held back at certain levels which correspond to similar levels far back. Looking at that, I'd say the next target should be around 0.42, if it crosses there, then 0.52... Above that is just a wick and difficult to say.
Subsequently, look for reaction around whole numbers such as 0.7, 0.8 e.t.c...if it gets to 1, there'd very likely be a huge pullback around here as people like to take profit around whole numbers. This is just a rough idea, not one I've looked into
That said, if it accelerates too quickly, be rest assured that it'd pullback easily as quick too so after certain quick huge moves up, its good to sell some of your stash.


For coins to look into, I've advised you on that b4

Re: Crypto Currency Investors Thread by Sailor1: 11:06am On Jan 31, 2021
OpenHeaven2019:


This is the mindset.

I bought a low cap gem ($HTR) on Kucoin.

And I am gonna hold it for for the whole year.

I don’t care about daily movements.

One year seems rather long in current circumstances except for a good project. Also, I don't think this is a good time to accumulate lowcaps.

For low caps, I can buy some good ones in adverse market conditions and hold till a significant move up.
Don't be surprised if it's worth a tenth its current worth in one year

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