I wouldn't be in a haste to go in if I were the OP. I will wait for today to pass because I believe there will be a correction downside to what price did by tomorrow or so. OP shouldn't be in a hurry to trigger a buy trade. Just relax and watch paint dry.

OP sold at $18,000 and made some gain but felt that Bitcoin was going to crash and then they sold/shorted it at $17,000 hoping it would hit $15k or lower, only for Bitcoin to zoom pass $18k and even $19k now. That's what I garnered from what OP narrated.

I'm sure whatever angle to that statement you made was informed by a personal experience of yours. However, I'm of the opinion that no one should place their life consequent on anything; not even on Bitcoin. Yes, it may be decentralized and all that but that isn't the only thing to life. Bitcoin, despite its accolades, is still unstable and volatile. It seems the most safe of all cryptos but that isn't to say one shouldn't be precautions while dealing in it. There are many who won't even talk highly and in good light about Bitcoin till date. Everyone's perspective isn't the same on Bitcoin. Many bemoan their losses while few glory in it.

It's the "wetcap" for me 😆. Thanks for alerting us to it. This is the reason I like to bookmark every vital site I visit and know I will revisit or use regularly. I don't even trust people to just call out a website to me, I want it copied and sent. Any slight variation in spelling this day leads one to a totally different site. Phishers everywhere. That site didn't even hide its attempt to scam from the onset by asking users to connect their wallets to it. For me, even without suspecting that the url was different, was a red flag.

I like watching Kitboga, Pierogi and the rest of the dudes dealing scammers hot blows on YouTube. One of the things I've come to note about all scammers is that they can't harm their victims if the victims don't grant them access to their devices. It's the same thing with hackers. No hacker can hack anything if a victim hasn't compromised anything. When this compromise happens and the victims falls prey, they hardly tell exactly what happened. They want to paint a picture of their innocence and how they were unaware of how they were hacked or scammed. There's something called Remote Access. No one can hack a device if the victim didn't grant them a remote access to their device. It's always a link to click or a set of codes to enter and the scammer is with you. That I learnt from YouTube, following those dudes I mentioned above. So, if one stays without clicking on suspicious and irrelevant links there's no way they can get malware.

That was so much exposure there. Even at 50x, it's still considered to be high risk let alone the 125x you increased it to. Once it comes to trading, you've to remember that nothing is certain. Even when you know price is going to get to a certain level and you're very sure of it, it's still not advisable to take unmitigated risk. With 50x price wouldn't have liquidated you at the level it did with 125x. Perhaps, you still would've been safe (and saved) and in profit on that trade.

No serious minded trader will agree to that and say they won't keep their money on exchanges. Whenever I read about those advising against keeping money on exchanges, I know who truly doesn't trade for a living or who doesn't even trade at all or that often.

I just came into this leverage trading in cryptos newly and I haven't done much trading with it. For the few I've done I leveraged on 5x or 10x and that's with short time trades. I haven't held a future trade for more than 36hrs. If I'm to hold a trade on leveraging, it certainly won't be more than those parameters I've been using.

I can't say for sure what has kept Metaverse projects down till now, whether it's the bear season (the entire market is down too) or lack of interest from the public. I was one of those who rooted for this trend when it started. Then when Mark Zuckerberg went Meta with his company the interest in Metaverse gave speculation another fresh air that it would be a hit. I'm still trusting that the trend won't die yet. Hopefully, the coming bull rally will revive it.

Those two have way passed the classification of gems. By gem we refer to undiscovered and relatively unknown projects that can do well when tapped into. Bitcoin and ETH have long been discovered. In fact, both are the two major coins on the lips of everyone including those who are new to this industry. Some people even think Bitcoin is the only cryptocurrency.

OP, you may want to check projects like Cartesi and CiFi. I like both projects and I think they're undervalued right now.

But of course, there are a few who do this for free, the only thing is that they don't usually offer it for long. Most of them stop out of frustration of not getting accurate calls while some stop when they think they've become consistent and would want everyone subscribing to their paid version.

I was once drawn into that. They and their cronies are usually the first ones to get in hours or days before the pump. It's their operative pattern. The rest of the maddening crowd are their prey. It's not as if they suddenly discovered a gem. Nope, it's because they're aware of what great number of followers can do when they decide to buy a particular token almost at the same time and they utilize it. Price will soar of course even if it's a shit token but what happens after that. The pumped token gets worse after that. A few great tokens have been destroyed with that.

You seem to be one of the few Nigerians lost in transit here, so to say? In addition to visiting BrainbossXchange Service {BTC/NGN Altcoins/BTC/Stablecoins} <Rate changed> as @rat03gopoh has directed you, kindly visit the local hangout for Nigeria (Naija). I'm sure you will enjoy hanging out with the rest of the clan.

I'm just curious. How will you address members like o_e_l_e_o and LoyceV who've earned over 10,000 merits on their own? You'll call them, "Grandparent Legendary" or something in that line? 🤔

OP, if it will interest you to know – this present dump started in March of this year. It isn't something new. If anything, I should think that we're almost getting out of it. I expect a pump in November (it's one of the favourable months for Bitcoin). Drawing a comparison between 2022 and 2018, the video you linked us to didn't do any explanation or analysis. It wasn't helpful in anyway. But come to think of it, those of us who were here in 2018 know that no matter what happens; no matter the extent of dip Bitcoin goes it will surely rise to do another great ATH.

I will recommend Off-topic, Politics and Bitcoin Discussion (the last is the kernel of this forum) in addition to what you've, if you asked me. It's good to have a niche, especially if those areas make you write and contribute meaningfully without a drag. I've observed certain users struggle to post in boards and threads where they aren't gifted to write on but because of campaign requirements they compel themselves to post there. In such posts, it's often disappointing to read as their contributions often display their lack of knowledge in said subject matter(s). I think this attitude can be seen across campaigns with heavy restrictions on areas to post in and those who apply want to be in it at all cost even when they don't have the basic knowledge on restricted areas to post in.

OP, it depends on what field you're taking the advice on. Don't generalize that high ranking members are more knowledgeable. That isn't true. We've new entrants recently who've been proving and making meaningful contributions to the forum. Look around and you will find them. One even had theymos adopt the "OP" inclusion to thread starters and that's a beautiful thing. Let me quickly add however, that you shouldn't ever take advice from anyone who tries to advise you on financial matters in your inbox without you seeking them out first, no matter their rank or perceived influence. Most often, they're scammers.

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I don't think that's all. There are members who got on this forum before 2018 but are just still Full Members in spite that they're still active while there are those who got registered here in 2020 or so but have ranked up to legendary. So, ranks don't necessarily mean that someone got registered before another.

I won't judge anyone's reputation based on the number of merits they've. That would be using a wrong yardstick. Merit is subjective and doesn't confer reputation or knowledge on users.

This is absolutely true.

At some point, the margin was a slim one between Nigeria and Kenya. It's good to know that the gap has widened now. It's even this low because of anti-government perspective of cryptocurrency in the country. The ban and restriction of crypto use in Nigeria has continued to scare the lilly hearted among us from engaging in it, especially those who don't go through P2P. If it weren't so, the number of users would've been more than what is reported. CZ Binance was fast to discover the Nigeria market and tailored some of his services to suit his Nigerian users. No doubt, that too also helped grow the Binance brand.

You just took this out of my mouth. You're spot on on that. OP should start with simple pairs like that. Don't cut in more. Grow from one or two pairs. I would specifically suggest BTC/USDT or BTC/BUSD pair. Sticking to a single pair makes it easier to monitor the movement and being able to make evaluation in such a way that picking entries wouldn't be much of a burden. So many traders think that trading many pairs is a recipe for profitability. That's false. There are those who trade single pairs and are profitable doing that.

No doubt, news like this is certainly refreshing to the ears and gladdens the heart. Sadly, we've read about such exciting stuff that should've jumped Bitcoin and the entire crypto market but which didn't expectedly. I won't be disappointed if this doesn't at the end too. France is a country with influence on the world map and economics too. Let's see how things go from here. However, don't get your hopes high on it so you won't get thrown under the bus, so to speak.

Won't that advice be like an overkill for someone who's still struggling with their finances? I think it is. Talking about getting a hardware wallet so one doesn't lose one's Bitcoin, I would say even at that one can still lose one's Bitcoin stored in it. The security of our Bitcoin depends largely on us than on an equipment. I don't think it will be an issue using an Electrum wallet as a beginner.

I got on Binance in 2017 based on the recommendation of the dude who kind of directed me on buying BNB. At the time, Binance was the only exchange offering it. I knew virtually next to nothing then. As time went on, I started trading there and realising I could do that more often than on Poloniex and Coinexchange that I previously held accounts with. For me, I discovered it was easier to navigate the Binance platform than others. Later I realized it was even more secured than others because of CZ's SAFU. The assurance was soul lifting and we've seen it fulfilled whenever there's an issue on the Binance exchange. Depositors don't suffer hacks whenever they happen unlike in other exchanges. Invariably, I think the trust and safety of funds have given Binance that edge on others.

I wouldn't want to go into that debate now. Let's leave it for another day.

How small is small? What makes for small to another may mean so much to you. If $2,000 is small funds to me, is that to another? I've come across traders who've over $10,000 on different exchanges and they felt it wasn't a big deal even if they lost it due to hacks. For me, that's a huge sum of cash to be left on an exchange.

Well, suffice it to say that your profitability would also depend on what those other things you're investing in are, what value and utilities they've and at what price entry you're getting them. It's not automatic that every piecemeal investment will turn into profit. One could invest in several of them (like the 50 you used as an instance), and still end up losing all. Putting one's money in shitty projects won't guarantee a winner. That's just my take on this.

The only possible cushion for unmitigated risk in terms of this will be to only deal with trusted exchanges. Deal with exchanges with high trust score and I guess that's why Binance is often on the lips of many. Yes, Binance suffered a hack recently but that was swiftly taken care of by the exchange. It never affected depositors. No trader can do without leaving funds on exchanges. I've read a lot of reviews where traders were advised not to leave their stuff on exchanged, no matter what. That's not feasible. If you tell crypto traders not to leave their funds on exchanges because they're centralized, then those who do traditional trading shouldn't also leave their money in the bank. How about that? Aren't banks also centralized?