sweetveek:
i just have a few things to add to this thread

1...if you think you are trading crypto using bus.ha or lu.no,then you are not ready for crypto investment.why?because they are limited to few coins only

2..whoever advices you to buy bi.t.coi.n or any old coin now,is not your friend,what most people see when they check Bitcoin is the price instead of what they can benefit from the coin,buying bi,tco,in now at @$40k,you have to wait for it to get to $80k before you can get double of your money,which only jah knows when...compare the roi these alts(dot,sushi,avax,alpha and many more) have given in the past 3/4months with bitcoin roi and tell me now if bt.c is worth investing in right now

3..there's nothing like shit co.in in crypto,you only say a coin is shitco.in when it starts dipping,even bit.coin dips,would you then say bit.co.in is shit coin?
what matters when trading crypto is your entry point.

4.. understand how candlestick works,do not chase green candle sticks,wait for it to dip(fall in price),then buy the dip and wait for it to start pumping

5...when buying any co.in,do not invest all your money once,lets say you buy a coin at $5,theres a possibility it might go below that $5 and there's a possibility it might pump,so whenever you buy, always think both possibilities,when you buy at $5,when it dips to $2.5,buy again,when it dips to 1.25$,buy again..theres always a bottom to all coi.n...

6...think long term,do not expect to double your money overnight

7..if you want to be good at cr.ypt.o,be ready to lose money,losing something will make you want to dig deep into it and understand how it works more


8...do not invest all your cash on one co.in,some co.in will perform better than others..

i started this cr.py.to December last year,i haven't made much but i have learnt so much...

and to conclude all,you need money to make money in crypto



coins you should think of buying for longterm,,

btcsc,fil,lit(wait for some days before you buy lit)..these co.ins are currently cheap and might moon anytime if bitcoin remain stable

my 2cent

bradwilli:
https://www.nairaland.com/6400654/cbn-shuts-down-cryptocurrency-exchange


Is this true??

yerilistik:


that'll be terrible if really true !

bradwilli:
https://www.nairaland.com/6400654/cbn-shuts-down-cryptocurrency-exchange


Is this true??

Sailor1:
ADA..... Tells a miple story... One which was well obvious over the last few weeks... Good enough, I was patient on this...

Funny enough, it gave people an opportunity to load up after breaking 0.4
The reason I like majors like ada, xlm, link and sometimes exrp is that when they run, they run...

Ojemedad:


The stop loss order is confusing to me also, what I normally do I set alert for a rate which is a little below where I buy , then it gets there I quickly rush to sell at market rate

Ojemedad:


But the aim is to make money, double the money na bros

bradwilli:
https://www.nairaland.com/6400654/cbn-shuts-down-cryptocurrency-exchange


Is this true??

Aicebaba:


Yes, its true and nothing to fear. Peer to peer exchange like bin.an.ce, local.bitcc0in etc will bypass such CBN limitation.

It will only affect exchanges that have direct account in Nigerian banks like Luno, bundle, buycoins and even direct deposit to binance options.

Aicebaba:


Yes, its true and nothing to fear. Peer to peer exchange like bin.an.ce, local.bitcc0in etc will bypass such CBN limitation.

It will only affect exchanges that have direct account in Nigerian banks like L.u.no, bundle, buycoins and even direct deposit to bi.nance options.

Aicebaba:


Yes, its true and nothing to fear. Peer to peer exchange like bin.an.ce, local.bitcc0in etc will bypass such CBN limitation.

It will only affect exchanges that have direct account in Nigerian banks like Luno, bundle, buycoins and even direct deposit to binance options.

Uglychicki:



OK.... Is that why it is giving me order value must be 10

sweetveek:
i just have a few things to add to this thread
2..whoever advices you to buy bi.t.coi.n or any old coin now,is not your friend,

bradwilli:
chief seems i can only trade Xlm with usdt? Not Ng??

100trillion:
CBN are dumb....what kind of policy is this now.

P2P to the rescue.

100trillion:
CBN are dumb....what kind of policy is this now.

P2P to the rescue.

Sailor1:


Nice points you've raised and I'd say you have done well for someone who started in December


But one thing I strongly disagree with is your take on betece
You are the second person saying that this week an it is getting me scared. make una cool down first mk my altys pump. I quoted a post a while ago on my discussion with someone on the treasury bills thread in December when he said altys are dead. I smiled and told him that is an indicator that altys will soon run and eclipse betece.

I keep saying cycles cos in this market, timing a cycle is where all your money is made or lost

see how it works
1. Betece pumps milking altys- people say institutions are only interested n betece that altys are shitcoyn...
2. Eith then pumps... and out performs betece
3. Majors- midcaps and micros follow and do multiples of betece and eith... people say that betece is dead and an old coyn
4. Betece wakes and in one day wipes away alyt profits of 3 months
people eye go then clear

The facts are these
1. If eith did not break ATH, all this movement on altys wouldn't have occured. If eith pumps further and doubles its value, alyts will do x10-x20 sef
2. Early Jan, betece reached 42k, eith pumped from 700-1200 to signify the start of an alyt season. Since then, betece has been ranging...and alyts have gone ballistic. When the time comes, betece will still range and alyts will tank and wipe profits made
3. I know you may be thinking that when that time comes, you'd cash out asap....lol... That is what millions are saying...
4. sensible thing todo now willbe to use this run and gather more betece or eith or take good profits into cash. Trust me, you do not want to be holding any alyt when betece turns.
5. New coyns, majors,minors, micros, eith and betece all have their use- I would still advise splitting your portfolio accordingly if you are new
6. Chart any alyt against betece and ask yourself which one you want to trade.

I know alot of good traders who only trade betece and eith.. I don't know of any who only trades alyts.

All in all, for new folks here. All your money is made or lost in timing cycles. Bull runs are very easy to trade but there are life lessons that you can only learn in a bear market or trading a full market cycle. Keep calm headed and don't let the alyt pump take your focus out of where we are in the market cycle. I know it doesn't make sense now but your safest bet here is still betece followed by eith

Gsilk:


Hi Sailor1, thank you for your contribution here. WE appreciate it. So about a month ago, I really just had money to throw and I got eith @1,100 ;NGN200k worth on lyno. No research, nothing; but I just did.

A few days later I found this thread and decided to actually dabble. I stashed the ly.no away as ‘investment funds’ and moved to by.nance to learn the ropes and ‘trade’. I put my incomplete financial analyst course knowledge to the test & set price limits and all. Got exrp(I missed THAT pump though),theta, eith, ada( 2 weeks ago and I’m glad), danced in d0ge ; danced out, same for KP3.r and A.AVE. Now my babies are growing (I’m almost at $1k from $700) and I don’t know what to do!

I already sold some of my Ada profit to get more eith @ 1597 early this morning, do I withdraw my profits now and wait for a dip? Should I do same for my ly.no eith ‘investment funds’ too. I just started watching YouTube videos and getting a real hang of it but I’m stuck here now cos I don’t want to watch my $ melt.

Thank you to TheEnlightenedO and others as well for all you do!!!

Shakitibob0:
You are doing a good job here bro

Bro, Many times , I see traders showing signals or trades for ADA/BeTC and ADA/USDT separately ....I usually don't understand why this is so....

can you please shed light on this?

SenecaTheYonger:
https://www.nairaland.com/6400654/cbn-shuts-down-crypt0currency-exchange

Please what does this thread mean? Will my account get blocked if I try to buy crypt0?

ChybuzzDD:


How about the high rate of scammers in p2p??
How about funding your wallet?

Sailor1:


I thought most exchanges used standalone payment processors to circumvent this. CBN should learn from western countries and regulate, not ban