$44k being called as absolute bottom due to previous whale activity

Gemineye:
How do u do the bolded

I deposit here, buy USDT, then send the USDT then send the USDT to binance...

This transaction takes <5mins and is 24hrs, as long as you find a peer for your bank..

Gemineye:
How do u do the bolded

continuation...

Hafyz23:


Why did all of the coiinnns follow the same pattern ? Is there a central controller somewhere? I tot they are decentralized. Imagining having 6 shops and all of the shops(coiiiins) being robbed at the same time. I didnt even know where to look.

Hehe... I used to ask myself that question in the early days until I stopped and just accepted betece as the oga of the market...

The major reason is betece contributes a significant percentage of the total market cap.. Also new money comes in thru betece and other coins trade into betece... So once betece sellf off, others follow

Ibime:


I been dey go pick my daughter from school. I no want leave buy order incase na 30% pullback. It was just few whales causing havoc but nothing systemic

Would you consider this $266 a discount for BNB?

It depends on what your targeted sell price is.

240-250 is the macro support and 330 resistance... I usually like taking enteries at support...
Betece should still comeback today or tomorrow and test liquidity below but I doubt altys would capitulate except it breaks below what it did today

Sailor1:


How would you take it if the 130 dolls you put depreciates to 40 dollars in a few weeks?

Unhappy, I guess but at the same time, I know that there is no gain without pain.
That is why I'll prefer to split into 2. One for long term like a year or 2. And d other I can take gain maybe twice a month or as I deem fit. I can't trade.

RealMillennial:


Invite ur friends na.

This token is a TRON token. It's probably going to have a very low US dollar value if it succeeds. So set a high target at least get 500k upwards. That's why they're giving as much as 50k for a single ref.

How can I get my referral link??

Sailor1:


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

Thanks. Always reliable as usual in your anlysis.We almost got there. It dipped to 47622 and started up again. I managed a little fund I had to get more at 53k+.

Even BNB went down to 220.

yazga:
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
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 .

Beautiful piece..... thank you for broad view

Sailor1:


Hehe... I used to ask myself that question in the early days until I stopped and just accepted betece as the oga of the market...

The major reason is betece contributes a significant percentage of the total market cap.. Also new money comes in thru betece and other coins trade into betece... So once betece sellf off, others follow

The thing tire me.....very annoying thing. All coin moves same way.

Xrp showing signs.... If it breaks out now, I doubt the 0.7-0.8 resistance will hold it...
I just pulled my sells I placed at that level.... Let's see how far this thing goes.

It takes alot of strength and accumulation to withstand such betece selloff...

A bit concerned about eith though

Chai! No be me dey office today all my profit was gonna and started eating my capital almost cashed out but thank God for bad network ( Glo is the best today) n also all thanks to my heart for bearing the great pain.
E no easy ataalll

Sailor1:


Hehe... I used to ask myself that question in the early days until I stopped and just accepted betece as the oga of the market...

The major reason is betece contributes a significant percentage of the total market cap.. Also new money comes in thru betece and other coins trade into betece... So once betece sellf off, others follow

Good day, bro.

I've been following this thread for a while, and I must say I appreciate your technical analysis.

Have you been following the Tether case? There's some FU.D hovering around it, and I see people getting out of BeeTC (and cry.pto) to mitigate risks.

I am currently a complete noob. I read these articles but I don't have much knowledge to fully grasp what's going on.

Tether (USD.T) has been reported to be involved in fraudulent activities, and that is said to cause major disaster in the crypt.o markets soon.

I would have posted the link to the article that went viral (I'm sure you must have seen it) — but I'm not so sure about Nairaland rules as I'm more of a silent reader.

I'll appreciate your input, bro. Thanks.

kolagbemi:


The thing tire me.....very annoying thing. All coin moves same way.

You seewhy it's too risky not to own betece

Cadec007:
continuation...

Hope they don't charge much when sending USDT to Beenance wallet?

Cadec007:
I deposit here, buy USDT, then send the USDT then send the USDT to binance...

This transaction takes <5mins and is 24hrs, as long as you find a peer for your bank..

Merci

Hope they don't charge much for moving USDT to another wallet
Plus
What's the minimum in naira one can deposit via p2p

RealMillennial:


Yeah 200,000.
It's actually easy to get. You're offered 50,000 per referral.
And if you've been checking your mail, there's an offer there that can earn your 150,000 more if you follow d procedure.

enlighten me on this boss

tesla sold 75% of its holding in bitcoin

Neverlosemoney:

Relax bro, are you using leverage?

yea. bought zil with isolated margin

clems88:
Chai! No be me dey office today all my profit was gonna and started eating my capital almost cashed out but thank God for bad network ( Glo is the best today) n also all thanks to my heart for bearing the great pain.
E no easy ataalll

You will soon use to it, that was how I felt too when I started but now my heart don strong like stone. You never lose until u cash out. Learn to be patience bro, a patience dog eat the fattest bone

clems88:
Chai! No be me dey office today all my profit was gonna and started eating my capital almost cashed out but thank God for bad network ( Glo is the best today) n also all thanks to my heart for bearing the great pain.
E no easy ataalll

A big thanks to OUR hearts. Lol

Bit-coin price has started reducing from $57,000 and now it $51,000 Let me sell it sef or just convert it to another CRYpto

Yaxmax1:
Bit-coin price has started reducing
from $57,000 and now it $51,000
Let me sell it sef or just convert it to another CRYpto

Are you just logging in today?

[quote author=Yaxmax1 post=99324002]Bit-coin price has started reducing
from $57,000 and now it $51,000
Let me sell it sef or just convert it to another CRYpto[/quote
Don't sell but HOLD

deewhydoski:

You will soon use to it, that was how I felt too when I started but now my heart don strong like stone. You never lose until u cash out. Learn to be patience bro, a patience dog eat the fattest bone

hmm . it didn't easy

Hafyz23:

Are you just logging in today?

the price will go back to $18,000 as before

Btc and Bnb following the same curve pattern, why should alts be dependent on btc, this is not decentralized

Please house how can I find my luno account with this CBN RESTRICTion I'm a newbie

When dips happens, u only loose when u sell.... this is the best time to buy and hold

FASTCHOW:
don't sell but HOLD

bro i have make almost 100k from it and if i don't sell i will loss.
I want to convert to another CRYPto

Yaxmax1:

bro i have make almost 100k from it and if i don't sell i will loss.
I want to convert to another CRYPto

Follow your mind nigga

Yaxmax1:

bro i have make almost 100k from it and if i don't sell i will loss.
I want to convert to another CRYPto

Haha , no room for losing