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Crypto Currency Investors Thread - Investment (279) - Nairaland

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Re: Crypto Currency Investors Thread by GoodBoi1(m): 9:43pm On Feb 22, 2021
ADA along with several others were good opportunities today. My movement today did not allow me to trade today
Re: Crypto Currency Investors Thread by nittly(m): 9:52pm On Feb 22, 2021
LauraClasikVibe:
A large part of being successful in the market is learning when to do nothing.
Abi na.... when is that its keep dipping and I just suggest that.... lolz

1 Like

Re: Crypto Currency Investors Thread by elmas(m): 9:56pm On Feb 22, 2021
Where is Flyheight?

1 Like

Re: Crypto Currency Investors Thread by A305: 9:59pm On Feb 22, 2021
Hayzed58:
Some one should kindly be suggest the best altcoin someone can buy
Relax. The storm isnt over yet. When it relaxes, it will be alt season again. Do not make any rash decision now; Give this whole thing like 24 hours or more to settle down and frankly, If you asking for altcoins, my best guess is you not doing your homework yourself so, how would you then know when to exit the market so as not to get up in something like today's episode?


It's not just to buy coiñ (the entry), it's more of the exit, otherwise you would be forced to be an involuntary hodler (which isn't a bad thing anyway) but, the fact of the matter is; learn to study the market yourself. Less attention to price movement and focus more on the behavioral pattern of the market.

9 Likes

Re: Crypto Currency Investors Thread by LauraClasikVibe(f): 10:04pm On Feb 22, 2021
How quickly one’s confidence gets shattered because high flying growth stocks bleeding heavily for few days. Than you are in a wrong business.
Your position size matters.
I’m down on my LT positions ~400k today but that’s ok. This is part of the game. I add slowly
Re: Crypto Currency Investors Thread by staga: 10:19pm On Feb 22, 2021
nittly:
just check the market now and see RE.D everywhere!!!!
please is this advisable I get BN.B at #131 yesterday without knowing it will dip to #112 now..... my questions is can I sell it to USD.T now at that loss and convert it back to BN.B again
NOTE: "TO HAVE MORE COI.NS" or I should leave it like that......

CC: EVERYONE

If you do not know that price action ebbs and flows like a river (Dow Theory), you should not be trading. What did you expect? Have you seen any price chart that looks like a straight line graph?

1 Like

Re: Crypto Currency Investors Thread by Sailor1: 10:42pm On Feb 22, 2021
Alot of altys doing well against eith... Thats a sign....
If you know, you know

Re: Crypto Currency Investors Thread by Sailor1: 10:44pm On Feb 22, 2021
Ibime:


Thanks. All are dropping even further. It seems patience is required.

Hmmm... You might end up buying bnb much higher than you expected...

You saw it hold support today despite the selloff... I'm sure if it starts dipping again, you'd pull your buy order.... Na 350 u fit finally buy am...
Re: Crypto Currency Investors Thread by Sailor1: 10:48pm On Feb 22, 2021
NOBLEstag:


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.
Uwlc

There's been alot of on and off talk about tether for a long while.. Nothing has cone of it. I see them as a solid offering that have revolutionised the crypt0 space.

I don't bother myself too much about the news. I've waited long for this bull market... The last thing on my mind is a distraction in the middle of it...
So my answer is simple... I'm not really bothered, whatever happens, Crypt0 would survive. My own is to make money while it can be made

3 Likes

Re: Crypto Currency Investors Thread by Sailor1: 10:49pm On Feb 22, 2021
babanne:


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.

My buy target was between 52-48k...
Below 40k was the bearish case scenario
Re: Crypto Currency Investors Thread by Sailor1: 10:51pm On Feb 22, 2021
BendingMoment:


Boss, how do we protect ourselves from huge sell-offs like this, (at some point I was -20% in deficit and my chest was taking some hit), asides taking profits on the go? Should we liquidate all assets when there's major market corrections like this (up to -70%�) and wait for market to consolidate before re-entering? Should we set stop loss for all trades entered?

If we weren't in a position to check the market today we could come in the evening to see what might have been. (-70%) and that's scary.

Just tips will do. Tnx.

No one answer fits it...

I once made a post on risk management and outlined lots of aspects to it... Whats important is knowing what works for you

1 Like

Re: Crypto Currency Investors Thread by Ibime(m): 10:59pm On Feb 22, 2021
Sailor1:


Hmmm... You might end up buying bnb much higher than you expected...

You saw it hold support today despite the selloff... I'm sure if it starts dipping again, you'd pull your buy order.... Na 350 u fit finally buy am...

Chei! I'm already suffering crypto regret for not buying at $240, then $260. Even now, I'm still waiting for 15 min red candle before buying but this kain talk fit make me FOMO right now.
Re: Crypto Currency Investors Thread by Sailor1: 11:11pm On Feb 22, 2021
Ibime:


Chei! I'm already suffering crypto regret for not buying at $240, then $260. Even now, I'm still waiting for 15 min red candle before buying but this kain talk fit make me FOMO right now.

When u finally buy, it'd start dipping...

In crypt0, you plan your trade and trade your plan
Re: Crypto Currency Investors Thread by Ibime(m): 11:20pm On Feb 22, 2021
Sailor1:


When u finally buy, it'd start dipping...

In crypt0, you plan your trade and trade your plan

I don buy jare.

Earlier, it was not about B.N.B finding support but about B.T.C finding support. B.N.B did not stabilise until B.T.C did and now they are moving hand-in-glove. I didn't want to jump in until I saw B.T.C had bottomed.
Re: Crypto Currency Investors Thread by Tyche(m): 11:20pm On Feb 22, 2021
Sailor1:
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

Re: Crypto Currency Investors Thread by Sailor1: 12:05am On Feb 23, 2021
Ibime:


I don buy jare.

Earlier, it was not about B.N.B finding support but about B.T.C finding support. B.N.B did not stabilise until B.T.C did and now they are moving hand-in-glove. I didn't want to jump in until I saw B.T.C had bottomed.

Lol... Of course betece rules the market...
For me, it's still done over 100% from its price last week so I'm keen on buying it. Not saying it can't move higher afterall, about a billion usd was liquidated on binance alone today... The guy can keep pumping it to drive new retail... Most exchanges are doing it...

Todays PA was something else... Usually, betece will go down to seek more liquidity and confirm support... Tomorrow will be the true test of the trend and determine alot
Re: Crypto Currency Investors Thread by Ibime(m): 12:15am On Feb 23, 2021
Sailor1:


Lol... Of course betece rules the market...
For me, it's still done over 100% from its price last week so I'm keen on buying it. Not saying it can't move higher afterall, about a billion usd was liquidated on binance alone today... The guy can keep pumping it to drive new retail... Most exchanges are doing it...

Todays PA was something else... Usually, betece will go down to seek more liquidity and confirm support... Tomorrow will be the true test of the trend and determine alot

Thanks. Guy I tried that Investing.com app but can't trade on it. Which one do you actually use for trading. I'm trying to get an app that offers more køins outside the ones offered on êtoro and Køinbase but trying to avoid Bïnance due to verification issues, and unfamiliar layout
Re: Crypto Currency Investors Thread by fusionchimera(m): 12:33am On Feb 23, 2021
Ibime:


Thanks. Guy I tried that Investing.com app but can't trade on it. Which one do you actually use for trading. I'm trying to get an app that offers more køins outside the ones offered on êtoro and Køinbase but trying to avoid Bïnance due to verification issues, and unfamiliar layout
try out the FTX PRO app

sign up here... https://ftx.com/#a=DrCharts


got any issues with it or more explanation? I'm on telegram @zentradesforum or @Zentrades where I drop free trade signals
Re: Crypto Currency Investors Thread by Ibime(m): 1:01am On Feb 23, 2021
fusionchimera:
try out the FTX PRO app

sign up here... https://ftx.com/#a=DrCharts


got any issues with it or more explanation? I'm on telegram @zentradesforum or @Zentrades where I drop free trade signals

Looked at that one. They are unregulated. I need regulated provider who are forced by law to pay back your equity up to £100k if they go bust where I dey. We have seen Mt Gox get hacked and go bust before.
Re: Crypto Currency Investors Thread by Cowbell521: 1:16am On Feb 23, 2021
If you sabi wetin good for una. No buy coin yet.... Bigger dip loading.... Save your family...
Re: Crypto Currency Investors Thread by Cowbell521: 1:25am On Feb 23, 2021
Don't buy coin. No let village pipu swear for you
Re: Crypto Currency Investors Thread by Cowbell521: 1:25am On Feb 23, 2021
Ur families dey house. Wait till day break
Re: Crypto Currency Investors Thread by Cowbell521: 1:26am On Feb 23, 2021
Another dip loading.....
Re: Crypto Currency Investors Thread by Cowbell521: 1:28am On Feb 23, 2021
Bitcoin Faces Price Turbulence as Market Liquidity Falls, Says JPMorgan
Re: Crypto Currency Investors Thread by lordnaruto: 1:28am On Feb 23, 2021
BNB presently has a great support level at $260, anyone that wants to join should target that range.
Re: Crypto Currency Investors Thread by Cowbell521: 1:31am On Feb 23, 2021
Have you hia good night
Re: Crypto Currency Investors Thread by Cowbell521: 1:32am On Feb 23, 2021
I dey find nude wey I go take Jack Oooo
Re: Crypto Currency Investors Thread by Tyche(m): 1:44am On Feb 23, 2021
ADA has broken the 1.12 jinx.

BTCST not doing bad; entered at 297. I got my eyes on it in 3D plus stop lost. Will liquidate while men sleeps, lol.

INJ doing good too. Seems too late to enter now, but you never know
Re: Crypto Currency Investors Thread by Midazman(m): 1:46am On Feb 23, 2021
Cowbell521:
If you sabi wetin good for una. No buy coin yet.... Bigger dip loading.... Save your family...

Thanks bro.. Pls do let us know when time is ok to buy
Re: Crypto Currency Investors Thread by MrCodeSolo: 1:57am On Feb 23, 2021
At last last, we are now in the bear market....if you get money wey u go lyk hodl throughout 2021...now is d best time to grap some coin bags. cool especially on a cheaper coin or tokens with potentials for massive 2021 growth and technology improvement in its ecosystem
GRT,KAVA,ONT,ADA, SOL,ALGORAND,DOT,ZIL,LINK,AAVE,XMR,XLM,
UNISWAP, (XRP likely)COSMOS,TRON,BAT,(EOS also known as the ethereum killer)UTF,TEZOS,XTZ,IOTA,NANO,.....I go like stash dz grt...I just read about it that it is another ethereum token that has its own fvcking uses...nice

Risk statement culled from affinity mining and bitcoin trading website

The market for cryptocurrencies is still new. Returns are highly volatile., neither gains nor losses in this market can be guaranteed, or fully predicted in any way.
Transactions entered into with cryptocurrencies are irreversible. If you enter into a transaction and use the incorrect address, or send the wrong amount, you cannot get the currency back – there is no dispute resolution process.
The price of cryptocurrency is determined based on market willingness to buy. If no willing buyers are available this may result in a total, permanent loss of value.
Cryptocurrency is fully reliant on technology and any technology failures or difficulty from digital service providers may prevent use or and access to your cryptocurrency.
Loss of your private wallet keys will result in total, irrecoverable loss of all cryptocurrency held in any wallet.
All technology dependant assets are at risk of cyber-attacks, security breaches and other cyber risks.

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