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Re: Crypto Currency Investors Thread by starM: 5:33pm On Jan 31, 2021
AbdulJabbar1:


Lots of smart points here... Especially number 2; if you fail to be made aware when that red plug is pulled you’re screwed.
Re: Crypto Currency Investors Thread by starM: 5:35pm On Jan 31, 2021
AbdulJabbar1:


Lots of smart points here... Especially number 2; if you fail to be made aware when that red plug is pulled you’re screwed.

Ina bayan ka yallabai

2 Likes

Re: Crypto Currency Investors Thread by ThisisIkemefuna(m): 5:47pm On Jan 31, 2021
Great contributions guys... Financial intelligence lives here

1 Like

Re: Crypto Currency Investors Thread by Robnectar(m): 5:57pm On Jan 31, 2021
elmas:

I dey ogba



abeg share me ur whatsapp digit!
Re: Crypto Currency Investors Thread by AbdulJabbar1: 6:03pm On Jan 31, 2021
elmas:


But it's hard to lose money with this strategy, but what are the disadvantages of using this strategy?

To be honest, the best strategy is to keep your eyes on it... The price rises and dips without warning

2 Likes 1 Share

Re: Crypto Currency Investors Thread by KBARBIE(f): 6:03pm On Jan 31, 2021
Sailor1:


I disagree with you on this. It is not a gamble. Anyone who has traded it long enough will know that. For most old folks, a significant percentage of their worth is in crypt0 with no regrets. Betece has been by far the best performing asset of the last decade

The problem here has never been making profit, its keeping it that counts. For the guy that asked if he could borrow. The fact is that in current market conditions, one can likely double that amount in 2 weeks. The problem is that without knowing what one is doing, all that profit will be lost.

A lot of new folks here see it as a quick money scheme. The unfortunate fact is that most would ultimately lose if the do not learn to manage risk. It does not matter if betece gets to 100k. Ask those who were here in 2017 how it felt. If you're struggling to make profits at such a time, then ask yourself what will happen when the market turns

The bull market most are enjoying was cooked in a brutal bear market that lasted several years. During that time, most folks here thought it was scam. It is unfortunate but this is about the worst time to start trading crypt0. The bear market cooks you and makes you ready to reap and keep the money that new folks bring in the bull market.

For example, old folks in the market are using the current microcap run to stash more eith and betece. New folks are jumping from top to top. When those take over and suck up the market, new folks will start asking, can I buy betece now? Thats when old folks will start targeting cheap altys. This market is brutal. Most think they can play the market but less than 5% do.

Hi your name sounds familiar, are you on raskterli WhatsApp platform?
Re: Crypto Currency Investors Thread by Sailor1: 6:07pm On Jan 31, 2021
lovinhubby2wife:
abeg honestly nobody can tell when this goes up or down... I looked at the chart this morning after selling my Betece two days ago, I was tempted to buy ripple but I decided not to buy, having lost much in Betece the previous day.
It was unwise to just buy ripple at this high rate of 214NGN, I envisaged a downward correction, but lo and behold it's waxing stronger.

Now should one buy at this moment, because we may wake up tomorrow morning and see that it has gone upto 300+ or dipped below 200

The way this shit works is still quite unclear...
When Betece hit 30k last year I was tempted to buy but I resisted the urge and alas five days later it grew to 39k.. who would have envisaged that? That was when I purchased the coin thinking it will keep on rising but no it started to drop rapidly.

This market is really volatile and unpredictable.
You could get lucky about your prediction or not. It doesnt matter whether you are new or old in the game.

Bottomline is to go in with your head and emotions in check. Else you're going to keep losing money

You're getting somethings wrong

No one can say what betece would do the next moment. The only constant in this market is that everything is uncertain. Thats why day trading is very difficult and I try to avoid it. But to say that with time, one doesn't learn in this market is false. I make much more trading HTF so I stick to it.

A 15 min chart will give alot of false signals. That's why it's better to look at the HTF. If you're stuck looking at the charts, you're likely to make emotional trades.

I'd give you an example.. when betece hit 4k early last year, folks were scared but if you looked properly, you'd see that it was a huge opportunity to buy.


It's funny you're loosing money in betece when it's ranging. I keep talking about patience. In the next 6 months, youd may be surprised why you were bothered about whether to buy betece at 33k or 30k. Let me ask you. Does it matter now if someone bought betece at 10k or 11k a few months back?

The reason why youre here us cos betece is at 30k. If it was at 8k, you'd not be here.

Another one is day trading. I keep saying it as a new person here, you should avoid day trading but the new ones are more keen on trading daily. Not to brag but the fact is that 99% will lose day trading. I was once there and know how it goes. Up till now, people still want to bjuy doge when those that bought the last are yet to survive

When I took my positions in altys early this month. It wasn't a guess. I knew betece had pumped for sometime and obliterated altys. It was almost definite that money would flow into altys. It was obvious that eith will lead the way. When eith pumped a few weeks back, I told folks that smaller caps will cause wahala in the coming weeks. I sold some eith and bought up some smaller caps. Over the past few days that has happened. It wasn't a guess, it happens with every cycle.

A few pages back, I said here that I bought some exrp at 0.24 when it dumped and I'm I'm targeting 0.4-0.6. i.e double. Today it has happened.

Here, timing is key and knowing when to deploy new money is the number 1 risk management step

3 Likes

Re: Crypto Currency Investors Thread by AbdulJabbar1: 6:10pm On Jan 31, 2021
lovinhubby2wife:
abeg honestly nobody can tell when this goes up or down... I looked at the chart this morning after selling my Betece two days ago, I was tempted to buy ripple but I decided not to buy, having lost much in Betece the previous day.
It was unwise to just buy ripple at this high rate of 214NGN, I envisaged a downward correction, but lo and behold it's waxing stronger.

Now should one buy at this moment, because we may wake up tomorrow morning and see that it has gone upto 300+ or dipped below 200

The way this shit works is still quite unclear...
When Betece hit 30k last year I was tempted to buy but I resisted the urge and alas five days later it grew to 39k.. who would have envisaged that? That was when I purchased the coin thinking it will keep on rising but no it started to drop rapidly.

This market is really volatile and unpredictable.
You could get lucky about your prediction or not. It doesnt matter whether you are new or old in the game.

Bottomline is to go in with your head and emotions in check. Else you're going to keep losing money

As true as this is; one thing I do that works for me is, if I notice that I picked up on a steady rise early for example if early tomorrow am I see rip at 270, I have no problems buying at 270 because I can be assured that before the close of 24 hrs I can sell at a slightly higher price, it may not pump beyond 290, but if I can buy at 270 and resell at 275 I’m not doing badly. If after selling at 275, it drops further to 220, I can still get in again, only this time I would have a lot more value in rip than I would have had if I had sat it out.

In layman terms. 100k rip @ 270 = 370.37
Sold @ 275 = 101,851.85
Buy again @ 220 = 462.96 rip

If one sits out with the same 100k @ 220 = 454.54 rip

I use this strategy a lot with all my qoins, it’s actually a major way I increased my portfolio last year. Sometimes I’m not concerned about NGN profits im more concerned about having more qoin values

5 Likes

Re: Crypto Currency Investors Thread by Sailor1: 6:19pm On Jan 31, 2021
@luving, I'd give you a simple trade- a HTF one with less risk bit difficult to follow.

We know betece is ranging and trying to pick a direction i.e up or down. (Don't bother about where it goes)

Why not relax. If it dips significantly, you buy around 20-24k
If it moves up, eith will likely break ATH convincingly.
If eith does that and holds at least abouve 1500, it'd likely accelerate...

That move will be another opportunity for altys to rally and your can take your pick of some altys and hold for a while. The thing is that when betece or eith moves up quickly, most other altys are quiet so you wouldn't miss much if you time your entry.

It may take weeks to work out, but it's less stress and risk and you get to protect your capital.

Can you stick to this or would you rather want to day trade and 10% everyday with a risk of losing much more
Re: Crypto Currency Investors Thread by AbdulJabbar1: 6:48pm On Jan 31, 2021
Sailor1:
@luving, I'd give you a simple trade- a HTF one with less risk bit difficult to follow.

We know betece is ranging and trying to pick a direction i.e up or down. (Don't bother about where it goes)

Why not relax. If it dips significantly, you buy around 20-24k
If it moves up, eith will likely break ATH convincingly.
If eith does that and holds at least abouve 1500, it'd likely accelerate...

That move will be another opportunity for altys to rally and your can take your pick of some altys and hold for a while. The thing is that when betece or eith moves up quickly, most other altys are quiet so you wouldn't miss much if you time your entry.

It may take weeks to work out, but it's less stress and risk and you get to protect your capital.

Can you stick to this or would you rather want to day trade and 10% everyday with a risk of losing much more

The truth is day trading involves a shit lot of risk. It’s not advisable for a newbie. And day trading with the big qoins isn’t even advisable if you’re not trading block. Cuz you’d end up losing more.
A major thing too is patience and understanding; as you rightly said many ran when it was 10k and all thru last year when it was extremely stable because last year was one of the most stable years it had price wise, the jumps weren’t ridiculous like this. A couple weeks back I kept pushing on Rip, many were greatly concerned bout their lawsuit rightly so, but folks fail to understand that the news and controversy is what stirs this market. I said then that I was going to go in heavy and I was ready to crash with it. Sometimes when the price dips I simply focus on exiting and reentering at a lower price so that I have more in qoin value that I did previously and I try to stick to qoins i understand, I no too dey experiment.

1 Like

Re: Crypto Currency Investors Thread by Cadec007(m): 6:54pm On Jan 31, 2021
Ojemedad:


Yes it is and highly recommended, try other options
do you mind recommending another wallet/exchange?
Re: Crypto Currency Investors Thread by ApostleBlack(m): 7:03pm On Jan 31, 2021
Get ready for another pump today 10pm.

Over 236k members on Discord.

Re: Crypto Currency Investors Thread by Sailor1: 7:07pm On Jan 31, 2021
ApostleBlack:
Get ready for another pump today 10pm.

Over 236k members on Discord.


Hehe... In most of these groups, the owners have taken positions and dump on followers... Don't be dumped on... Either way, let's see how that goes

2 Likes 1 Share

Re: Crypto Currency Investors Thread by IyaTola: 7:22pm On Jan 31, 2021
Sailor1:



Hehe... In most of these groups, the owners have taken positions and dump on followers... Don't be dumped on... Either way, let's see how that goes
Very true and that after effects of wallstreetbets

1 Like

Re: Crypto Currency Investors Thread by REUBEN010(m): 7:24pm On Jan 31, 2021
The risks in these pump actions is extremely high. Many will surely be dumped on and left with heavy bags. One needs to exercise caution and self-control when trading all these stimulated and pumped coyns.

4 Likes

Re: Crypto Currency Investors Thread by yemmit90: 7:27pm On Jan 31, 2021
AbdulJabbar1:


The truth is people are always going to say this is the best time to buy cryp. In 2019, I said same, in October last year I said same, a lot of people did too, no one listened. Now it’s approaching 40, everyone thinks it’s the best time. I just hope many are left hanging their nuts when it drops under 30. Knowing when to get in is tricky, knowing when to get out is even trickier

This year is the year of Alts.

Bitcoin analysts usually follow the pattern since its inception. According to the history, bitcoin only surpass its last bull market stop in a bull market year, and it capable of giving more than 500% from the last stop. This is the reason some are predicting $100k before the end of this bull.

Alts are not yet move at all, so we should be expecting over 1000% before the end of it all.

Let just wait and see how things goes.

1 Like

Re: Crypto Currency Investors Thread by OpenHeaven2019(f): 7:28pm On Jan 31, 2021
ApostleBlack:
Get ready for another pump today 10pm.

Over 236k members on Discord.

Help me with link to join, make I use $100 experiment
Re: Crypto Currency Investors Thread by yemmit90: 7:30pm On Jan 31, 2021
elmas:


When you say new investors would get burnt does it mean all qoin prices would go low or few of them? Because it is somehow to me depend on one qoin for trading

All of them. Bear affects all coins in the market.

1 Like

Re: Crypto Currency Investors Thread by yemmit90: 7:31pm On Jan 31, 2021
starM:


Can you please be one to me?

PM.
Re: Crypto Currency Investors Thread by Ronin1: 7:33pm On Jan 31, 2021
ApostleBlack:
Get ready for another pump today 10pm.

Over 236k members on Discord.

If it were that easy to make money, most traders would be driving a different lambo everyday. And that's how I get myself to stop chasing pumps. I'll definitely be snoring by then but congrats in advance to those that'll make money off the pump and sorry to those that will contribute the money

2 Likes

Re: Crypto Currency Investors Thread by Rilwayne001: 7:33pm On Jan 31, 2021
Doge is moving again.

It was -46% earlier this morning, it's climbing to +27% already.
Re: Crypto Currency Investors Thread by JoelMurray2020: 7:34pm On Jan 31, 2021
I must say this is one of the most intelligent threads I've seen on this space. No disrespect or usage of abusive languages. Let's keep this up. By the way, my big head is already into rip; waiting for the prophesized pump to happen and to follow through bumper to bumper. And if it doesn't happen, we still Meuvee.

5 Likes

Re: Crypto Currency Investors Thread by Sailor1: 7:46pm On Jan 31, 2021
KBARBIE:


Hi your name sounds familiar, are you on raskterli WhatsApp platform?

Nope... I'm not

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 7:51pm On Jan 31, 2021
REUBEN010:
The risks in these pump actions is extremely high. Many will surely be dumped on and left with heavy bags. One needs to exercise caution and self-control when trading all these stimulated and pumped coyns.

Hehe... baba this market is brutal
Any money made here is someone else's money. Ask yourself before buying, why is the other person selling. Doesn't he also want profit or am I wiser than him?

Two things are constant here..... the patient takes from the impatient, and the wise from the unwise

1 Like

Re: Crypto Currency Investors Thread by AbdulJabbar1: 7:51pm On Jan 31, 2021
Sailor1:



Hehe... In most of these groups, the owners have taken positions and dump on followers... Don't be dumped on... Either way, let's see how that goes

The sharp ones would set reasonable targets and dump before the price reaches its peak, in a sudden mass dump, many would be holding their nutsacks

1 Like

Re: Crypto Currency Investors Thread by AbdulJabbar1: 7:53pm On Jan 31, 2021
Rilwayne001:
Doge is moving again.

It was -46% earlier this morning, it's climbing to +27% already.

Smiles
Re: Crypto Currency Investors Thread by Sailor1: 7:54pm On Jan 31, 2021
Ronin1:


If it were that easy to make money, most traders would be driving a different lambo everyday. And that's how I get myself to stop chasing pumps. I'll definitely be snoring by then but congrats in advance to those that'll make money off the pump and sorry to those that will contribute the money

lol @ those who will contribute... Any money made on a pump and dump comes from someone else
You sabi this market
I keep saying it Betece and eith will outperform all these pnd's in the long run. But then, why are peoople not interested in betece or eith?....Human nature

2 Likes

Re: Crypto Currency Investors Thread by Rilwayne001: 7:55pm On Jan 31, 2021
Rilwayne001:
Doge is moving again.

It was -46% earlier this morning, it's climbing to +27% already.

75% now, don't say I didn't tell you oh grin grin cheesy
Re: Crypto Currency Investors Thread by Sailor1: 7:56pm On Jan 31, 2021
Rilwayne001:
Doge is moving again.

It was -46% earlier this morning, it's climbing to +27% already.

Be careful out there...no matter what, exit with profit this time around..

I said it a while ago that an exit pump may come on doge... its happening and always more brutal than the initial pump. Except it crosses 0.08, I'd regard this as an exit pump and one to exercise extreme caution on
Re: Crypto Currency Investors Thread by Sailor1: 7:58pm On Jan 31, 2021
JoelMurray2020:
I must say this is one of the most intelligent threads I've seen on this space. No disrespect or usage of abusive languages. Let's keep this up. By the way, my big head is already into rip; waiting for the prophesized pump to happen and to follow through bumper to bumper. And if it doesn't happen, we still Meuvee.


Hehehe... buying a coyn that has done 50% in a day comes with massive risks. Anyway, lets see how tomorrow goes. I have my bags packed
If not for the current market situations, I wouldn't buy a coin that has done >5% a day
Re: Crypto Currency Investors Thread by Sailor1: 8:02pm On Jan 31, 2021
AbdulJabbar1:


The sharp ones would set reasonable targets and dump before the price reaches its peak, in a sudden mass dump, many would be holding their nutsacks

hehe.. someone the other day said he held his mouse ready to click on sell... I smiled
Someone has not seen 1000betece market sold before with a subsequent stoploss trigger cascade.
Before your brain tells ur hand to click, the dump has already occurred.
The easiest way on these is to take profits as it rises and add on dips...

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