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Crypto Currency Investors Thread - Investment (298) - Nairaland

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Re: Crypto Currency Investors Thread by Dreydoe(m): 1:58pm On Feb 25, 2021
Sailor1:


Seems you just started trading crypt0... Personally, I don't see the reason why you're panicky.

A 10% betece drop is what you're calling huge loss... What will those holding alyts say? The Betece volatility had killed them

First, betece had rallied from 30k all to 58k in few weeks without a significant pullback, it was going to pullback sooner or later... Getting in with 99% of your portfolio at 55k level wasn't a good idea. It's during a pullback you loadup and not when betece has almost doubled.

I sold some of my betece at 58k and was hoping to sell the rest around 60k. But it dipped. I've not sold yet...

Betece should still see 55k in the near future. I'd sell at that level and may scalp some alyts quickly.

Holding betece gives you some insurance in this market.
Noted boss.
Re: Crypto Currency Investors Thread by Keinding: 2:00pm On Feb 25, 2021
Tamel:
Even after I receive payment I always make sure I recharge or make a transfer just be sure it's not flash funds lol cheesy before releasing coin..
I was a little confused when you said you sold 108busd at a rate of 1147 / dollar or something... When the normal rate should have been around 488 or so.
You probably sold to a foreigner , hope you get it sorted, try contacting support ASAP!

Can you explain the term "flash funds"? Do you mean funds can appear and disappear like vanishing act or do you mean something else?
Re: Crypto Currency Investors Thread by bizzibodi(m): 2:05pm On Feb 25, 2021
haryodehjia:


Thanks but I sold using my coin not Tru bank sir
. Though I sent binance an email to see if they can resolve this problem
Always look for buyers that sent via bank...all this recharge cards conversion...is a no no when U are not a recharge cards seller.
Re: Crypto Currency Investors Thread by bizzibodi(m): 2:07pm On Feb 25, 2021
Dreydoe:
So I went in on Btc with 99% of my total savings at $55k hoping to sell at $60k. I'm currently on big loss.


Don't know why I din't go with my gut feeling and sell at 58k..


I'm still hodln till the right price comes along.. It's either I get back my total investment at @55k or higher.



[code][/code][/b] Make una no vex, Just thinking out loud[b]
U hav not loss..U hav patience inbtw U & yur money.
Re: Crypto Currency Investors Thread by representae: 2:09pm On Feb 25, 2021
My advice to those who are new to the crypto world is that, do not start by trading rather you start by investing while you get familiarize with the crypto market , else you will keep bitting your finger each time.. Some coins you can hodl/invest are ADA, uniswap, polkadot, sushitoken,rune,bnb and theta...however if your pocket is big enough you can consider bitcoin and etherium

14 Likes 1 Share

Re: Crypto Currency Investors Thread by Sailor1: 2:10pm On Feb 25, 2021
Dreydoe:
Noted boss.

You should be good... It's almost at 52k now... Moreover, you're trading spot

There'd be ups and downs... Just like any market. That's why it's better to buy after a dip.
A 10% betece drop or pump is a normal thing at this stage of the market.


It's those trading with leverage that should be worried.
Re: Crypto Currency Investors Thread by bizzibodi(m): 2:11pm On Feb 25, 2021
tolulope2021:



This happened to me 2 weeks ago. I sold us.dt to a guy and before I sold,I have checked his ratings, volume of trades,time frame and so on...I sold it around 11am hoping to receive funds in my account. After 30 mins of not seeing the funds in my acct,I chat him up ,he said I should release coyns that he has sent the money....

I thought within me that this guy might be using jazz with me,I quickly take my Bible and read PSALM 4 grin to render any JuJu useless.


I told him nothing was in my acct and even sent him proof. He didn't reply any of my msgs afterwards.i called his no,he didn't pick up.

When it was around 6pm,I got tired as I sent msg to him to appeal if he was actually sure he sent me the money,he didn't reply,2 hours after,i told him I will appeal if he didn't appeal...but I know if I appeal,it may take days before it's resolved and I need the money quick so I decided to chill that I will appeal the following morning.

Lo and behold, the guy cancelled the transaction around 11pm when he saw my msg that I will appeal from my end.....

Lesson: if I had trusted him and confirm his transaction,I would have lost both the coyns and the money.
Jizzuz!Why are bad people everywhere?
Re: Crypto Currency Investors Thread by phenzy(m): 2:12pm On Feb 25, 2021
representae:
My advice to those who are new to the crypto world is that, do not start by trading rather you start by investing while you get familiarize with the crypto market , else you will keep bitting your finger each time.. Some coins you can hodl/invest are ADA, uniswap, polkadot, sushitoken,rune,bnb and theta...however if your pocket is big enough you can consider bitcoin and etherium

Best thing I have read this year
Re: Crypto Currency Investors Thread by bahkarrehjnr(m): 2:14pm On Feb 25, 2021
Hi guys, I plan on buying a cryptocurrency

I want to hold it for a long term
What coin do y'all think I could go for

PS- long term as in 1-2yrs or even more.

Thanks
Re: Crypto Currency Investors Thread by AirBay: 2:14pm On Feb 25, 2021
AirBay:
BNB at 247, buying the dip, hopefully we meet at 260 grin

BNB now at 263. Pulling out after $105 profit for the day.

1 Like

Re: Crypto Currency Investors Thread by haryodehjia(m): 2:22pm On Feb 25, 2021
bizzibodi:

Always look for buyers that sent via bank...all this recharge cards conversion...is a no no when U are not a recharge cards seller.

It is bank transfer
Re: Crypto Currency Investors Thread by twnklshop: 2:35pm On Feb 25, 2021
Bunsenbun:
you need to add the biinance smartchain network to metamask.Metamask by default doesn't come with it .

Go to settings.tap on network and select add custom network..

Fill it like this

Network name: biinance smartchain
Rpc url: https:// bsc-dataseed dot biinance dot org

Chain id: 56
Symbol: bnb
Block explorer url : https:// bscscan dot com


I am misspelling biinance cox of spaambot

I have done this and posted a picture on the page before your post. Yet I still cannot connect my pancakeswap to metamask. I would continue trying, this like others before it would be solved and life would go on.
Re: Crypto Currency Investors Thread by PuZZyNegro: 2:43pm On Feb 25, 2021
AirBay:


BNB now at 263. Pulling out after $105 profit for the day.

I entered at $243 and sold at $260 and while at it, I watched the thing reached $265 before pulling back.

I trade with small amount so was only able to make $23 cry

1 Like

Re: Crypto Currency Investors Thread by Dreydoe(m): 2:46pm On Feb 25, 2021
Sailor1:


You should be good... It's almost at 52k now... Moreover, you're trading spot

There'd be ups and downs... Just like any market. That's why it's better to buy after a dip.
A 10% betece drop or pump is a normal thing at this stage of the market.


It's those trading with leverage that should be worried.
what's your advise. should I convert back all my savings back to USDT @52k ?
Re: Crypto Currency Investors Thread by Neverlosemoney: 2:51pm On Feb 25, 2021
Wa
haryodehjia:
Can we even have sincere Nigerians? Sharing this so that none will fall a victim here..
If you are buying or selling using binance p2p pls don't confirm receipt without receiving the funds..

This morning I sold 108busd at N1142 n i have confirmed payment without receiving the equivalent in my bank but wil wait till end of the day to see what happens.
I'm foolish by trusting the platform so much
What a bad day for me..
Little advice
Wait ooooo, you wan change dollar to naira at the rate of #1,104 per dollar shocked, who go choose to do that deal except for a thief grin grin

5 Likes

Re: Crypto Currency Investors Thread by condomuser: 2:54pm On Feb 25, 2021
Like how much was it that gave you 23 dollar profit?
I put in $440, bought at $239 and sold at $257 with $10 profit angry.
Everytime I try to sell, selling via Binance offers less compared to selling via p2p.
Also, do u sell via p2p?


PuZZyNegro:


I entered at $243 and sold at $260 and while at it, I watched the thing reached $265 before pulling back.

I trade with small amount so was only able to make $23 cry
Re: Crypto Currency Investors Thread by Dreydoe(m): 2:55pm On Feb 25, 2021
bizzibodi:

U hav not loss..U hav patience inbtw U & yur money.
Patience you say boss. I go still dey my best get d patience o.
Re: Crypto Currency Investors Thread by Neverlosemoney: 3:01pm On Feb 25, 2021
yazga:
This is what I keep saying most newbies are Ignorant and lack knowledge.
Answer the following
A. Why did you Invest in this market
B. Are you risk averse or high risk taker
C. Do you want to be a trader or an investor?

Kindly provide answer to the above
Answers to this changes Nothing.
Re: Crypto Currency Investors Thread by haryodehjia(m): 3:04pm On Feb 25, 2021
Neverlosemoney:

Wa
Wait ooooo, you wan change dollar to naira at the rate of #1,104 per dollar shocked, who go choose to do that deal except for a thief grin grin

Lolx...
Re: Crypto Currency Investors Thread by PuZZyNegro: 3:14pm On Feb 25, 2021
condomuser:
Like how much was it that gave you 23 dollar profit?
I put in $440, bought at $239 and sold at $257 with $10 profit angry.
Everytime I try to sell, selling via Binance offers less compared to selling via p2p.
Also, do u sell via p2p?




I bought bnb and dot at the same time. My portfolio was $344 as at this morning.

I used 25% to buy dot and the remaining to buy bnb.

Dot was very sluggish that I couldn't even calculate what I got from it but I sold it together with my bnb and my total portfolio now is $367

I trade in the market so have no business with P2P at this time.
Re: Crypto Currency Investors Thread by PuZZyNegro: 3:23pm On Feb 25, 2021
Neverlosemoney:

Wa
Wait ooooo, you wan change dollar to naira at the rate of #1,104 per dollar shocked, who go choose to do that deal except for a thief grin grin

I saw that advert too on Binance when I wanted to show a friend how to convert the coins to naira. I couldn't understand it as it made me confused on what exactly I was teaching the person was wrong but I just passed.


The other buyers there had normal rate but the guy. Let me see if I can still see his ad.

His is no longer there but see that number one spot and look at his completion rate

1 Like

Re: Crypto Currency Investors Thread by Loris576(m): 3:28pm On Feb 25, 2021
RealMillennial:
At this price 50000 Digex is worth over $100. Sign up and collect.
Then you can stake it and receive 0.3% daily (i.e 300 Digex).

https://digex.io/f83988afefa342b736a152bf1f59fdea.htm

Na dis kind Airdrops dey make person rich if it later moons..
Chat me on Telegram after you sign up if u need any assistance. My username will be shown on your Digex profile.
Is this legit ?
Re: Crypto Currency Investors Thread by sweetveek(m): 3:40pm On Feb 25, 2021
please how long does it take to sell co.in on p2p on bin.ance?
Re: Crypto Currency Investors Thread by stillmee(m): 3:45pm On Feb 25, 2021
PuZZyNegro:


I saw that advert too on Binance when I wanted to show a friend how to convert the coins to naira. I couldn't understand it as it made me confused on what exactly I was teaching the person was wrong but I just passed.


The other buyers there had normal rate but the guy. Let me see if I can still see his ad.

His is no longer there but see that number one spot and look at his completion rate
You are very correct, I saw it too and was very confused, since I was just familiarizing myself with the features, I had to ignore thinking it was a mistake
Re: Crypto Currency Investors Thread by DextrousDavid(m): 4:26pm On Feb 25, 2021
Aunty ADA just dey tear market ni sha.

#ADA_On_Fire!
Re: Crypto Currency Investors Thread by Nobody: 4:30pm On Feb 25, 2021
Hello guys, wanted to sell my usdt today and noticed I couldn't because bank transfer was disabled, although binance gave me option for fiat, but I don't know what is fiat or how it works, I'm naive on that part. Can someone be kind enough to explain what NGN fiat means, and also how I can withdraw money from fiat to my NGN bank account. Eg, I see usdt selling for 460, per naira, assuming I sell one at 460, equivalent to 5,000 naira, will I receive the same 5,000 naira to my fiat and to my bank account?
Re: Crypto Currency Investors Thread by condomuser: 4:44pm On Feb 25, 2021
Fiat represents the local bank account for the country, in your case Nigeria. I don't think you can withdraw via fiat since the CBN doesn't allow that anymore.
I think what most people do now is sell via p2p, so you list your coin and someone will send you Naira and you release your coin.

Henrymorre:
Hello guys, wanted to sell my usdt today and noticed I couldn't because bank transfer was disabled, although binance gave me option for fiat, but I don't know what is fiat or how it works, I'm naive on that part. Can someone be kind enough to explain what NGN fiat means, and also how I can withdraw money from fiat to my NGN bank account. Eg, I see usdt selling for 460, per naira, assuming I sell one at 460, equivalent to 5,000 naira, will I receive the same 5,000 naira to my fiat and to my bank account?
Re: Crypto Currency Investors Thread by Nobody: 4:55pm On Feb 25, 2021
condomuser:

Fiat represents the local bank account for the country, in your case Nigeria. I don't think you can withdraw via fiat since the CBN doesn't allow that anymore.
I think what most people do now is sell via p2p, so you list your coin and someone will send you Naira and you release your coin.

my bad, I e figured it out..
Re: Crypto Currency Investors Thread by deewhydoski(m): 5:01pm On Feb 25, 2021
Henrymorre:
my bad, I e figured it out..
Download kuda bank app on play score, it wont take u 15 mins to do that... It serves as our commercial bank too
Re: Crypto Currency Investors Thread by Ibeme: 5:12pm On Feb 25, 2021
ADA running very nicely

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