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1061  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you guys invest meme coins now? on: July 08, 2022, 03:25:13 PM
My current investment strategy does not include meme coins. Top coins do not guarantee the safety of my assets, so meme coins are even more risky. If you want to invest in meme coins, now is not the time. It is much better to wait until there is a bull market because when there is a bull market when investing in meme coins will be very profitable in the short term since many of them can be easily hyped.

It is luck with meme coin investment. Last year during the time Elon musk got some hyping for dogecoin it got high price while more investors came in thinking it is bull time and good to run the profit race but never understood it was already higher and over valued, ready to take off the excesses away and the coin crashed to losses for late buyers. During the time it was around 0.02, it has less volatility and wise investors took the advantage to buy and wait. It is better to buy meme coin cheap and wait for a little profit to sell IMO.
1062  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you guys invest meme coins now? on: July 08, 2022, 01:20:09 PM
Exchanges have no business with meme coin or any other coins, they are there for the business and provide the service for you to buy or sell what you want depending on what they have. So if you see meme coin in the exchange, it doesn't mean they forcing it on you or any body but the choice has to be yours on your decision to buy either value coins or meme coins. Investors that go for meme coin do that for their own reason known with them. They may hodl meme coin for just a short time to pump and they dump because they know it won't go steady up the road.
1063  Economy / Trading Discussion / Re: BITCOIN + Crypto Market Analysis on: July 07, 2022, 03:50:03 PM
Personally, I do not like the style of suspense YouTubers or their choice of video titles, it seems that they are sure of the direction of the market and therefore the advice they will give will be in one way or another investment advice that may lead to some losing their money.


They are ready to tell the people what they want to hear and that is why newbies fall for them. It is showing that business is the agenda and not the good. Op is not the only of the likes as they many interested in building the strength of their YouTube channel. This should not be taking as investment advise but an information to work on before investing. Dyor is always advised in crypto investment.
1064  Economy / Trading Discussion / Re: Is trading really worth it? on: July 06, 2022, 08:56:01 PM

It is very important to trading to learn technical details of it otherwise it will become a lucky game, that is gambling.
Math can’t predict human irrationally and politics, technical analysis wont change anything about that.

How do you think that trade is analysed, charted and mapped out? Or how do you think forcast or speculation is made? Most are from technical analysis. Technical analysis is what holds the trend more. After news or fundamental (such news in adoption) then the trend forms and continues that way through technical analysis you can know that. Or after news the trend can continue if it is not of high impact.
1065  Economy / Trading Discussion / Re: Is trading really worth it? on: July 06, 2022, 04:48:29 PM
It is worth it if you can give your time to it. It is worth it if you can take the risk. It is worth it if you can bear the bad feeling of a losing trade. Trading is a difficult endeavour because it involves your money directly and you can lose it easily at different times. So you can choose what you want, not many people have survived with trading.

I don't understand technical analysis; when he explains it to me I feel it's some sort of gambling strategy.


It is very important to trading to learn technical details of it otherwise it will become a lucky game, that is gambling.
1066  Economy / Speculation / Re: 4hr chart! on: July 05, 2022, 03:12:11 PM
The 4hrs chart that I'm seeing is still pretty dropping some coins unfortunately. I don't think there is going to be a break for bull anytime soon from that spike happening in 4hrs because it continued the bearish movement getting price dropping below its opening today. The bull hodlers expectations is cut short so far with this continued bear.
1067  Economy / Speculation / Re: Have we reached a bottom price for BTC? on: July 05, 2022, 02:35:55 PM
It is not certain so far what area that price will go but the global bad economy is one of the reason I think the price still struggling to go up. The economy generally is not encouraging investment and bitcoin is one out of such investment that is affected. Most people are now concern about how to feed , you need to feed first before investment at least to be alive to see the investment grow. It is an effect by hard surviving economy since the covid-19.
1068  Economy / Economics / Re: When I started driving. on: July 04, 2022, 01:07:42 PM
I congratulate you and say happy blated birthday to you. Hope you had a nice party to go with it ?


Oil is not an ideal commodity to measure inflation

I think that oil is very important factor to measure inflation and in fact it contributes to the level of inflation whether it is high or low. Naturally if the price of oil climbs up it is going to have direct effect on the price of commodities in the market because the cost of transportation will be factored into the product. This means the commodities will be higher in price and more money will chase it causing it to increase more, the more it goes higher in price it opens up the gap between the rich and poor causing inflation.
1069  Economy / Trading Discussion / Re: Alt coins are About to pump again! on: July 03, 2022, 08:11:55 PM

What we are seeing now is very similar to what we saw the last time we had to face a crypto winter, those thinking that a fast recovery will come soon seems to me as a extremely positive as there is not much of a reason to think something like that will happen.


I think is the same trend of things happening from the past till now. When the price hit above $60k and above then it appear as if it will always stay higher that way but after some while it started to drop down to below $20k and yet no one is sure where is the bear going. The price chart for this month still looking bear with that the price can keep dropping till the next candle formation for the month is known.
1070  Economy / Trading Discussion / Re: Every "Bitcoin is Dead Headline" is a Buying Opportunity on: July 03, 2022, 02:00:30 PM
Ofcourse it is. Buy the fear sell the news definitely is true because of the psychology.
Buying when everyone are selling in a panic gives us the opportunity to buy at cheap prices whereas selling when a positive news is published gives us the leverage to exit temporarily at a higher price.
The market always falls back and that is when we can buy back and make the profits.
But at the end, not everyone can do this gracefully.

Actually it is right to buy the bear because it gives better profit when price start recover. Last week was a little stable around $19k as investors have started trying to invest but the panic and fear is still there that the price may still witness more drop from what it is. We are not sure of the direction this week but more purchase is going on with the hope that the bear is closing up.
1071  Economy / Trading Discussion / Re: A season for stop loss on: July 02, 2022, 05:47:35 PM
Personally, I do not use stop loss, especially when I trade in bitcoin, stop loss means that you will inevitably lose when the deal hits the stop loss, but for me I prefer to use hold instead of stop loss, stop loss is good when you trade on chitcoin. As for bitcoin, I do not recommend using it at all because bitcoin It will definitely go back up again, it's only a matter of time, you just need some patience, you don't need a stop loss at all because you will be a loser, but with Hold you will definitely be a winner.

You don't have to see stop loss as a loser method but a method of trading that helps you not to lose all your money at once. What stop does is to help you leave some part of your money for another opportunity to try and regain your lose incase you lost out in the first trade. Whether bitcoin or not, stop loss is a good tool for stopping your risk to be over stressing to your account.
1072  Economy / Trading Discussion / Re: trading is good for traders with passive mindset on: July 02, 2022, 04:49:41 PM
but this is for the short term traders right who has to spend more time for doing this then how can we call it as passive?...

Yeah I think op didn't understand what that passive means and that contradict his message in the thread. If he says trading is for the passive mindset and not for the laggy mindset, it is confusing. Trading isn't necessary for the paasive mindset but I believe risk takers best suited for trading. You trade for the risk of your money to get more money.
1073  Economy / Services / Re: Looking for Trading job on: July 02, 2022, 04:15:55 PM
Why looking for a trading job when you claim understanding TA and FA? This story won't be easy to believe because if you claim so then you show prove of profit you have made, not only few profit but consistent trading achievement that will convince traders. Your store of knowledge should be able to transform you. I won't advise you to get a loan because you may lose it and become indebt. You can save some money and trade for yourself so if you lose it you won't have anybody on you for repayment of funds.
1074  Economy / Economics / Re: Irrelevance of Education in Nigeria. on: July 01, 2022, 12:05:44 PM
Life is life. A gift from our Creator. No matter how good or really it is we should still be grateful that there is still hope.
I know sometimes to live a life full of frustrations and discouragement is hard to deal with but always remember that when there is "LIFE", there is "HOPE". Find your way out of poverty. There is a saying "if you don't want there is a REASON if you want there is a WAY."

This is more like a word of encouragement and the need not to be worried about the things not going well. Struggling to live a better life is easier if government provides it but where government does not, we still keep pushing like you said "where there is life, there is hope". Many countries are feeling this same problem and just few people survive out of nothing, the rate of health problems is increasing because of bad living. We hope that bitcoin bull come faster so that some can still raise more capital to diversify into other business .
1075  Economy / Trading Discussion / Re: Bottom? on: July 01, 2022, 10:21:18 AM
Your assumption may not be right. In fact they might be part of those that are not sure of the next price movement and they decide to go in now. So even that more hands like you and others jump in with them to push price up, the price will still drop if the bear circle has not complete.

FOMO is not only happening to small hodlers or micro individuals. They might be experiencing that likewise and couldn't wait to regret more. I don't really see your assumption as tangible. Also remember that the month ended still on bear so there is possibility that it can drag price down further.
1076  Economy / Economics / Re: Can Bitcoin Reduce the Global Wealth and Income Inequalities in 2022? on: July 01, 2022, 09:03:31 AM
It is looking as the inequality in the economy is increasing. Before this time I felt it will take care of that because of the investment opportunities that bitcoin is having but the investment isn't that going straight especially that the price fall without a definite price that it will get down to. Investors don't know if the bear is over or not and for the fear of losing greater amount of their investment, they sell in fear and taking some loses that affect the inequality state already but the rich can afford holding on because of other sources of income and wait for bitcoin bull and get increased profit at ATH. For profiting in bitcoin, you have to have a longtime plan of which the rich can afford but the poor can't easily and this keep widing the inequality gap.
1077  Economy / Service Announcements / Re: Trader's Check - TradingAxis on: June 30, 2022, 10:40:52 PM
I don't think you have shown enough proof on the trade and profit made. As usual is about paid group and maybe you decide to do real call with those who paid for subscription, I saw that below on the telegram and I understood correctly your intention as nothing is going for free.

1078  Economy / Trading Discussion / Re: How trading during bear market can save your portfolio on: June 30, 2022, 04:02:21 PM
OP if you want to maximize profit. Multiple swing trading is not bad in 3 months, but just one swing trade in over 3 months or longer is what I am talking about, no one againsts swing trade here. The problem will be during bull market, the strategy will not help.

Multiple swing trade can be profitable very well if you reduce your risk because you have ease in waiting for the profit a longer time even beyond three months. Swingers usually enter multiple market and that is the essence of swing trade. A day trader can enter trade and exit within a short time but swinging is a longer time. Bull season too is good for swing, you can increase in profit if you enter rightly.


1079  Economy / Trading Discussion / Re: How certain are you that cryptocurrency will experience more parabolic bull runs on: June 30, 2022, 11:32:55 AM
Quite certain that the bull run will start if the whales start putting in more investment because they have pulled off for profit since price was around $50k. I think gradually the price will start to bounce back.

Just know that investing in cryptocurrencies are very risky, consider altcoins as gambling, they are more and most volatile.

These are two important sentence there. Cryptocurrency investment are risky but bitcoin is far better because with patience, another ATH will be reached for new set of rich people to emerge.

It is also considered gambling when you invest in altcoins. Luna has given many investors nightmare on the collapse that happened to the price of Luna.
1080  Economy / Trading Discussion / Re: Trading Emotions on: June 30, 2022, 10:18:05 AM
The most annoying thing is that most often the emotions of a trader have a negative result, and most often the emotion itself is excitement. This is felt by most traders.

Oh seriously you may be right. Often times the emotion is going to lead into a losing trade lol at least 70% of the time of emotional trade. The best I think is not to follow the emotion and do what the market is doing. Emotion is all about sympathy and that is not the best way to trade.
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