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Nairaland Forum / Nairaland / General / Investment / Crypto Currency Investors Thread (3720198 Views)
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Re: Crypto Currency Investors Thread by yazga: 11:03am On Feb 22, 2021 |
The best time to buy is when its dip. clems88:if you reading this buy ASAP Disclaimer: Nothing said by the me should be contrued as financial advice, do your own DD/research. 5 Likes |
Re: Crypto Currency Investors Thread by GoodBoi1(m): 11:18am On Feb 22, 2021 |
Neverlosemoney:Today's red is not a surprise, the signs were everywhere some say bitcoin might drop to 40k, like many I pulled out in profit since yesterday. Once the the dip has settled I will buy even more coins than I had before and make more profits or even hodl. A hodler that did not take profits will likely still be in loss till he decides to sell when the value of coins rise again in profit. If everyone is just hodling, market will not move much |
Re: Crypto Currency Investors Thread by Sailor1: 11:29am On Feb 22, 2021 |
babanne: Give it a day or 2.... Like it or not, this move was needed for alyts to boom... If betece kept rising, alyts would keep suffering... It needs to confirm a bottom and range... If you have extra cash, you might want to start sniping good alts (ones that held or started running this am b4 the dump) once betece hits 52k... You can average in till 48k (if we get it).. Once betece confirms a bottom structure and bounces, expect alyts to boom... Similar move happened at 42k... If already in a spot position, selling now can be dicey... But most who sell abruptly may end up buying higher as bounces can be sudden I will only consider the bearish case if we dip below 40-42k 5 Likes |
Re: Crypto Currency Investors Thread by Ibime(m): 11:31am On Feb 22, 2021 |
DenreleDave: I've even dropped the buy order to $240 sef and still monitoring to go lower depending on Baba B.T.C behaviour |
Re: Crypto Currency Investors Thread by staga: 11:57am On Feb 22, 2021 |
akpos4uall: Typical Nigerian-style greed! 4 Likes 1 Share |
Re: Crypto Currency Investors Thread by Nobody: 12:01pm On Feb 22, 2021 |
topsyspice:BeeTC, ETH or ADA are your best bets. 1 Like |
Re: Crypto Currency Investors Thread by Macgyver1: 12:13pm On Feb 22, 2021 |
Sailor1: Like CZ, tweeted. Retrace is normal to help build support, balance the markets, let people take profit and shake off weak hands. 4 Likes |
Re: Crypto Currency Investors Thread by Iykoto86(m): 12:18pm On Feb 22, 2021 |
Keep it coming bro. ![]() |
Re: Crypto Currency Investors Thread by klassd(m): 12:19pm On Feb 22, 2021 |
Consider the greens still holding on... 4 Likes
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Re: Crypto Currency Investors Thread by topsyspice(f): 12:25pm On Feb 22, 2021 |
Activist001: Thank you so much for this. I really appreciate. |
Re: Crypto Currency Investors Thread by mogreen22: 12:33pm On Feb 22, 2021 |
Activist001:why are you people always skipping bnb. Seems most y’all don’t like this coin. It really has potentials Na 1 Like |
Re: Crypto Currency Investors Thread by yazga: 12:52pm On Feb 22, 2021 |
Disclaimer: Nothing said by the me should be contrued as financial advice, do your own DD/research. topsyspice:ADA, CAKE, CARDONA, BNB, ETHY, Polkadot DOT |
Re: Crypto Currency Investors Thread by johnfem321: 12:53pm On Feb 22, 2021 |
Hello Expert in the house, I'm looking to buy 5 different altcoin(1M) each and sell latest by July. Pls what 5 altcoin with a potential of 3X or more will you buy today? |
Re: Crypto Currency Investors Thread by yazga: 12:56pm On Feb 22, 2021 |
Due Diligence Steps for Crypto Investments According to leading cr.ypto.currenc.y price aggregator, Coin.Market.Cap, there are more than 1,600 digital currencies available as of this time. In reality, there are probably many more than that in existence, as not all of them will have made their way to the price monitoring site. While many of these crypt.ocurre.ncies are attempting to innovate and seek out a niche in the crowded marketplace, others are simply fronts for developers looking to make quick money off gullible investors—still others are outright scams. How does an investor take advantage of the incredible opportunities within the digital currency space while at the same time protect herself against these bad bets? Following the due diligence checklist below is an important part of the process. Survey the Model If you've identified a potential cryp.tocu.rren.cy investment, one of the first steps you should take is to research the business model. Look to the company's white paper and see if it holds up under scrutiny. Does the model allow for scalability? Is the timeline for development, launch and expansion reasonable? Are there glaring holes or issues with the developers' plan? Is the business model strong but one of many similar plans in a crowded market? Some cry.pt.ocurren,cies are copycat strategies that may not be able to set themselves apart. How's the Team? In exploring the offerings' white paper and website, look to the development team as well. It pays to take the time to research the members of the team. In some cases, digital token websites have listed "team members" who are not actually involved with the project, while in other cases companies have fabricated individuals completely. Are the team members and their positions on the project real? Beyond that, are they qualified to deliver what they claim to be able to do? You may even wish to do a Google image search for pictures of team members to see if those photos were taken from another site. Beyond that, you'll want to try to assess whether the team is large enough to tackle the project at hand. Are there any areas that don't seem to be covered by team members? This could spell doom for a project later on. Partnerships, ICOs and Profits A hallmark of the digital currency community is partnerships between individuals and ventures. While these can be extremely helpful, they can also lend false credibility to a project that doesn't have the fundamental elements necessary for success. Look into any listed partners to see if the collaborations seem legitimate and if they are actually useful to the project. Many tokens launch via an initial coin offering (ICO). Look over the plan for the ICO carefully. Does it seem to extend for longer than necessary? Does it promise profits? Are there any glaring omissions when it comes to how the process works? Finally, you may wish to look into the strength of the company's community within the cryptocurrency space. While it's important to approach this aspect of the research process with a bit of skepticism (as anonymous comments online are not the most reliable sources, for instance), this can be a useful way of determining if there is significant buzz about the project. Are individuals able to provide ideas and feedback? If not, that may be a red flag. Look for members of the team being involved in conversations with the larger community as a good sign. While there is no guarantee that taking the steps above will protect you fully from a digital currency scam, it is likely to help weed out any potentially bad bets before you make them. -INVESTOPEDIA 4 Likes 1 Share |
Re: Crypto Currency Investors Thread by Pleasant01: 12:58pm On Feb 22, 2021 |
jamace:for three days? ![]() 1 Like |
Re: Crypto Currency Investors Thread by Peterpan222(m): 1:10pm On Feb 22, 2021 |
yazga: This is insane. Eth isn't solving any problem with this ridiculous gas fee. Looks like I'm gonna go off any project that has to do with ERC-20 1 Like |
Re: Crypto Currency Investors Thread by kings11ng(m): 1:11pm On Feb 22, 2021 |
R2bees:Seriously? |
Re: Crypto Currency Investors Thread by tolulope2021(m): 1:11pm On Feb 22, 2021 |
Sailor1: @sailor,thanks.....so like what good alts can one buy during this dip?. I already have ADA,dot,BnB,eithy,....please I need more good alts... Pls mention more |
Re: Crypto Currency Investors Thread by yazga: 1:12pm On Feb 22, 2021 |
This is one of the few cryptocurrencies that I give a full stop ‘no’ on, and have for some time. Before I continue, I should say that Ripple Labs and their blockchain have a good business, helping financial institutions to save costs using their network. That part, I am not disputing. XRP is not competing with platforms like ETH or NEM, nor is it competing with privacy focused tokens like XMR or ZEC. Instead, they are a payment network for financial institutions. Their main competitors are projects like Hyperledger, R3 Corda and the Ethereum Enterprise Alliance. Ripple and these products all solve the same problems for the same group of companies. Here’s the problem with grouping Ripple in this market: None of Ripple’s competitors have a native asset to their platform. They solve the problem that XRP solves without the need of a similar currency. That means if I’m evaluating Ripple vs Hyperledger Fabric, one of the things I have to take into consideration is the fact that I need XRP to run Ripple’s network whereas I do not need this for Hyperledger. In a way, it’s like adding an extra step that just is not necessary. Now, you may say that Ripple can be used for other use cases and that their platform for is permissionless allowing for anyone to use it (vs the ‘permissioned’ competitors I showed above). And technically, you’re right, but the thing is that Ripple is primarily about winning the Financial Institutions market. All the organization’s efforts are going to make the product better for financial institutions to use, and even though you could use XRP in the same way you use BTC, everyone else is using cry.pt.ocurrencies like LTC, BTC and even ETH. See Ripple has a cryptographic currency XRP which is a premined cryptocurrency unlike bi.tco.in (and others) which needs to be mined. The main thing that was supposed to boost XRP value was locking down of its 55 million co.ins in december , 2017 (which happened and boosted its value a lot). Ripple comapany is mainly working to make transactions of banks better. In simpler terms blockchain is a good technology and banks wants to use that technology. Some banks are creating their own blockchain system (in future i think all will). Now what ripple is doing is it has a RippleNet software (which is based on blockchain) which it is providing to banks . The main thing in that software is that it uses ILP protocols to do transactions which seems to be appreciated by banks kolagbemi:Now banks keep publishing the news that they are going to test ripple (which is actually ripplenet) and many people mistake it for XRP. XRP is a fast cryptocurrency but technically not reliable like bitcoin , etheruem etc (the concept of mining here is making them more reliable and harder to crack … but xrp community claims that they dont want XRP to be a storable asset like bitcoin …. they want it to be a converting medium from one currency to other … bcz of its fast speed). Now if i clear to you the point what XRP wants is … suppose i have to send money to a foreign friend … As a Nigerian … convert my Nairs currency to XRP and transfer XRP to that friend… he will then conver XRP to USD and thus he got his money. The problem is variable assets aren’t too good to transfer money and hard to be used in real life for transfers or conversions. The only good thing in ripple is its speed though i never feel cryptocurrencies should be too fast (the harder it takes to make bitcoin blocks the harder to break them). Ripplenet basically wants the transactions done by banks using swift protocols nowadays to go via ripplenet. Also Banks are testing Swift SmartContract and IBM Hyperledger which are competitors of Ripple (huge banks are testing them while small banks are testing ripplenet). And regarding speed we always had options like paypal or other transfer methods which were instant and more reliable. I never personally feel Ripple is a good choice as compared to ethereum but the news of banks testing its software will boost it again and again… only reason to invest in it. Ripple is mainly targeting Asian banks and in countries like India one news of SBI can give it huge rise. Many people are still confused with the fact that banks will use XRP which is not the case so far (they will go with ILP) and at last competition is huge… the problem is bcz nowadays cryptocurrency news are getting viral …people are not getting new of other blockchain systems getting tested by banks. You should invest in it bcz public will invest in it surely as they get news of banks testing its software : IGNORANCE BREEDS SUPREMACY . |
Re: Crypto Currency Investors Thread by sixsgod: 1:21pm On Feb 22, 2021 |
ElectronicMoney:nawa o |
Re: Crypto Currency Investors Thread by sixsgod: 1:21pm On Feb 22, 2021 |
seunny4lif:chai sorry man |
Re: Crypto Currency Investors Thread by lordnaruto: 1:21pm On Feb 22, 2021 |
BNB dey find oil o, it keeps digging and digging. This crypto world no be for the faint hearted o 5 Likes |
Re: Crypto Currency Investors Thread by yazga: 1:24pm On Feb 22, 2021 |
Thats the way to go Peterpan222: |
Re: Crypto Currency Investors Thread by yazga: 1:24pm On Feb 22, 2021 |
lordnaruto:Rule 4 of cry.pto |
Re: Crypto Currency Investors Thread by yazga: 1:25pm On Feb 22, 2021 |
Rules To Win In Life - If you want to be successful you should follow these steps, or these "rules" We all should follow this because I mean, who wouldn't want to be successful? Even though we might have different definitions of success, these could be applied to yours too. - Have a vision for yourself, have clear what do you want to be, - Don't compare yourself to others, compare yourself with your old you, and see what you have to improve. - Also, you need to realize that in order to grow you need to get out of your comfort zone and that if you read books you can get ahead of the competition. - Remember to always stay humble -And never quit the game, the game called life. 2 Likes |
Re: Crypto Currency Investors Thread by Cowbell521: 1:28pm On Feb 22, 2021 |
OpenHeaven2019:no forget ooo 6 Likes 1 Share |
Re: Crypto Currency Investors Thread by Kaymaxi2222(m): 1:30pm On Feb 22, 2021 |
Neverlosemoney:which kind moniker this one they talk about. Abeg shift go one side joor. I dey talk my opinion you dey talk sh!t ![]() ![]() ![]() |
Re: Crypto Currency Investors Thread by Tyche(m): 1:31pm On Feb 22, 2021 |
lavylilly: Shine your light on us bro |
Re: Crypto Currency Investors Thread by PuZZyNegro: 1:32pm On Feb 22, 2021 |
DenreleDave: Correct. Got it bro. Thank you |
Re: Crypto Currency Investors Thread by Aboojaabir: 1:37pm On Feb 22, 2021 |
I've signed up already, I'm just trying to know how one can buy with all these CBN restrictions DenreleDave: |
Re: Crypto Currency Investors Thread by Sailor1: 1:37pm On Feb 22, 2021 |
elmas: Never a bad decision sticking with betece... I trade alyts at certain times to maximize gains 1 Like |
Re: Crypto Currency Investors Thread by Neverlosemoney: 1:38pm On Feb 22, 2021 |
Cowbell521: ![]() |
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