Jedisco...please continue

Mumben:


Pls clarify, u said ur entry in OnE is 1, target is 1.5 but one is currently below$1. Or is it a mistake?

0.15 I meant

sellydion:


Thanks for great insight. I opined that one should start with investing and graduate to trading. Trading is emotionally challenging.

It's can be emotionally challenging and time consuming.... Leaves folks staring into their screens at every given opportunity...

That said, it's also rewarding for those who can do it well

Been thinking about the effects of the e-naira on the crypt0 space....

I believe CBN wants to use it as a means to build their reserves by centrally channeling forex remittance to the country through their hands....
While this is ingenious and makes sense on paper, I'm a bit worried about how quickly it was put together.... Most countries have been testing crypt0 for a while but yet to issue one officially.... I'm worried about how quickly the CBN has made plans and fixed an issue date with theirs.... Let it not be another failed experiment... With crypt0 coins, CBN can manufacture endless naira overnight

Fact is, it might not do much in strengthening the Naira as most folks will still keep usd denominated stables... Except CBN can make it available on exchanges such that one can buy it from anywhere in the world and transmit it.... Still a tough one and something I'd show some skepticism about....

One thing it'd do is boost the masses following of crypt0... When people who think crypt0 is scam hear that CBN has issued one, they'd rush to buy it forgetting that it's just another stable coin... When they wait sometime without profit, they'd move to buy some crypt0...

The major winners of the whole stable coin ish seems to be the US.. it's seems to be a way for them to dollarise the economies of most nations by making everyday folls own the dollar....

Eitherway, it seems to be something ingenious CBN has put forward after a very long time.... I will look forward to how it rolls out

If betece goes on another rally, One coyn I want to build a good stash of is chz... Most fan tokens are built on it... I'm hoping to get bids in on a retest of the weekly ema at around 0.3

With the covid crash and cash constraints, an increasing number of football clubs are turning to fan tokens to engage fans nd raise some cash it seems...
Wouldn't be surprised if other sporting teams start following suit.......

My plan will be to own some chz and another sporting token (psg likely)

PSG... Getting into my area of interest..... Lost the daily support.... Headed for the weekly

I believe this coyn owes me 2x at least... If it goes to plan, I may allocate profits from it into getting a new mobile

Ibime, jedisco what’s your take on BMON for a long term holder is it advisable?

Did some would be glad if you could share more light.

I got me some bags of it after one Crypto millionaire like that @sysdatek called it out. He said HODL and wait for some months and that's what I'm relying on. Maximum wait for me is December next year. Bosses should say something too

typicalgamer:
Ibime, jedisco what’s your take on BMON for a long term holder is it advisable?

Did some would be glad if you could share more light.

jedisco:
If betece goes on another rally, One coyn I want to build a good stash of is chz... Most fan tokens are built on it... I'm hoping to get bids in on a retest of the weekly ema at around 0.3

With the covid crash and cash constraints, an increasing number of football clubs are turning to fan tokens to engage fans nd raise some cash it seems...
Wouldn't be surprised if other sporting teams start following suit.......

My plan will be to own some chz and another sporting token (psg likely)

chz is a great coin ND alot of club re getting dere fan tokens, hopefully it click .30 I'll be buying alots ND also with PSG if click 24.........

typicalgamer:
Ibime, jedisco what’s your take on BMON for a long term holder is it advisable?

Did some would be glad if you could share more light.

This is not really the thread for it. . . . better on the other thread.

It's one of many in the space including Mbox, MyDefipet, Skill, Moon Nation Game, DND, Faracrystals, Pancake Hunny. I am holding a small bag but won't keep it long as DefiPet and Skill have overtaken it in BSc users

Ibime:



This is not really the thread for it. . . . better on the other thread.

It's one of many in the space including Mbox, MyDefipet, Skill, Moon Nation Game, DND, Faracrystals, Pancake Hunny. I am holding a small bag but won't keep it long as DefiPet and Skill have overtaken it in BSc users

Thanks for the reply

Mazinewmoney:
I got me some bags of it after one Crypto millionaire like that @sysdatek called it out. He said HODL and wait for some months and that's what I'm relying on. Maximum wait for me is December next year. Bosses should say something too

Same here

Bump. . . back to watch that Benjamin Cowen video

DieRich5:
chz is a great coin ND alot of club re getting dere fan tokens, hopefully it click .30 I'll be buying alots ND also with PSG if click 24.........

I doubt psg will get to 24... Wouldn't mind if it does though

Scanning thru some charts... The bnb/eith monthly chart is quite interesting... Its held this lavel for 5 months now.... I'm more exposed to bnb though... I feel with all the bsc coyn nd new retail pumping in, the chap will defend his coyn...

Dot, link, uni all seem to be on their way to 40... The eith effect

jedisco:


I doubt psg will get to 24... Wouldn't mind if it does though

PSG ain't, dis last dip, e hold the $30 strong........I ain't paying for now, I'm waiting 2 days b4 the game

DieRich5:
PSG ain't, dis last dip, e hold the $30 strong........I ain't paying for now, I'm waiting 2 days b4 the game

I'm regarding any purchase now as a mid-longterm purchase and would likely just sit until targets are hit.....
On PSG, If one is expecting a 2x at 60-66... An entry of 30 isn't bad in the grand scheme....
Still not in it though, would want to see some show of strength first or lower targets hit....

Over the last week to two, I've put in good amount of new fiat into the market... Let's see

Flipping levels between strong structured coyns can be a good way to maximize profits....

Converted a large chunk of my betece into bnb and have been sitting in it simply cos of this.... Love it when coyns respect levels

Thanks for all the assistance you've all been rendering especially the OP.
As the verified noob I am I will appreciate help on strategies so I will possibly bombard with a lot of questions.

My first now is how to enter on a coin that has broken it's ATH, like Ftt. Does one wait for a retracement, or is is okay to ride it at any point.

jedisco:
Seriously, having some crypt0 assets is becoming a no brainer for Nigerians...

Looking at the exchange rate today, the fact is even if your crypt0 asset did not move, youre up 6% over the last month.... That's what TB yields are for a year... In essence, if you buy TBs at 7%, by the time you get your money back, it might have lost 50% of its value

What alot of older folks are still failing to grasp is that as far as the naira continues to devalue this rapidly, one is losing money in real terms by owning most naira denominated investment...be it bonds, TB's e.t.c

With the manoeuvring by the CBN in the past 2 weeks, it was obvious the market will respond badly....

Now, they're running out of options and the populace are increasingly losing faith in the Naira.
IMO, they are left with two options- either remove dollar subsidies or go for domiciliary accounts...

As a Nigerian, crypt0 may save you

It appears that this e-naira digital currency plan is not about improving the economy, but about the federal government having total control of everybody's finances.

If cash in Naira is phased out, then the federal government, through the CBN, can decide to block any person's digital account for any reason or even for no reason. The victim would not be able to back up his finances with cash. This is a very dangerous situation.

Hamzashaf99:
Thanks for all the assistance you've all been rendering especially the OP.
As the verified noob I am I will appreciate help on strategies so I will possibly bombard with a lot of questions.

My first now is how to enter on a coin that has broken it's ATH, like Ftt. Does one wait for a retracement, or is is okay to ride it at any point.

But the reds, sell the greens

Hamzashaf99:
Thanks for all the assistance you've all been rendering especially the OP.
As the verified noob I am I will appreciate help on strategies so I will possibly bombard with a lot of questions.

My first now is how to enter on a coin that has broken it's ATH, like Ftt. Does one wait for a retracement, or is is okay to ride it at any point.

This is not a bad strategy....
It was my modus operandi at the early part of the last run... Buy coyns that have just broke ATH and target 4-5x.... Come back later and get another 2x.... Worked for a good number... Didn't work as well towards the end of the run....

Take a look at sol and how it's continued to rally after breaking previous ATH...

I'm trying to identify coyns that habe broken ath.... So far it looks like ada, sol, kava, ftt...

My entry depends on the coyn....Usually what I do is is wait for some consolidation and target a retest of previous high.... Some coyns do not come back to retest previous ath.... Some do and don't move as much..

Take kava for example.... I'm still contemplating an entry .... It's retraced to the daily support and has retested 8.... A significant breakout from here should see it reach 24 at least. Reason I'm not in it yet is cos I'm not quite convinced about the structure

Hamachi:
It appears that this e-naira digital currency plan is not about improving the economy, but about the federal government having total control of everybody's finances.

If cash in Naira is phased out, then the federal government, through the CBN, can decide to block any person's digital account for any reason or even for no reason. The victim would not be able to back up his finances with cash. This is a very dangerous situation.

Traditional bank accounts will still be around for a longtime... Even countries with better mobile connectivity wouldn't try it....

The advantages is that its much cheaper to 'mint' a billion coyns than a billion naira.... Also, it'd give the CBN a hedge on forex remittance..

If there's an e-naira, I doubt it'd be limited to CBN issued wallets only... It'd likely be listed on exchanges similar to stable coyns.... That way, folks in diaspora can easily buy enaira on say binaz and send to folks in Nigeria...

That said, I don't think weak currencies adopting crypt0 in this way is going to help.... The downside is that they might just dollarise their economy if usd linked currencies are very easy to access and use

Apart from applying the 21period moving average to your charts, are there still some other cheat codes you would want to share?

Jedisco

Boom!

Which hurts the most?
-missing out on a pump
-taking profit too early
-carrying bag

Shakitibob0:
Apart from applying the 21period moving average to your charts, are there still some other cheat codes you would want to share?

Jedisco

Before getting into a coyn, I now mainly use Higher time frames on charts mostly the daily, and weekly. Rarely go below the 4hrly.

I prefer to limit my trades to a fewer coyns as I do better this way

Market flows in cycles... there'd be months of betece dominance and months of alyts dominance- know when to play which...

Not usually a good idea buying on a green day

When buying dips on betece, waiting for a daily close to confirm bias can save one from buying a nuke


With coyns who move in a pack, it's usually best to go with the leader except on certain occasions where the plan is to flip profits

With alyts, I try to zoom out and see what betece is doing... Most times, betece and alyts alternate their runs- if betece or eith is going to outperform an alyt, I'm better of in those two....
For example... Compare the weekly ltc/betece chart to eith/betece chart or even ltc/eith and it'd be clear which coyn is better to hold...

Bitc0in will usually respect structure

Limit the number of times I look at charts moreso during times of increased volatility... I've come to see that on days I looked at charts too much, I ended up making decisions I didn't think were good after a few days...e.g selling the exact bottom outta fear or buying the top thinking its a breakout

These are the ones that come to mind...

Pato5:
Which hurts the most?
-missing out on a pump
-taking profit too early
-carrying bag

Buying the top thinking you're buying a breakout and ending up with a huge bag

jedisco:


Buying the top thinking you're buying a breakout and ending up with a huge bag

Very apt. That's the downside of bull run. To many noise and FOMO.

Pato5:
Which hurts the most?
-missing out on a pump
-taking profit too early
-carrying bag

carrying bags ND sometimes depression will make u sell at loss thinking ur making the right decisions leta see it go up in 3days time and people with low capital do it alots.

Market usually flows in cycles.....

Bitc0in, and majors and certain midcaps have been on a rally...

Over the next weeks to months, whether bitc0in ranges, pumps or retraces, by some means, money will usually flow into microcaps..

Looking at the weekly chart of some against betece and usdt, the risk/reward looks very good and they could easily do 4-5x
I don't know when they'd move hence I've been slowly accumulating them overtime....

My guide is mainly using the weekly charts against betece and usdt