Nothing majorly complicated.
Yep, it's good to always keep the charts neat and simple. Too many indis complicate things and confuses the eyes in picking up prompt signals. The issue I am having however is with stop loss and general risk reward. Basically I have a tight tp level and a loose sl.
That's a big issue, honestly. Basically, it should be the other way round with what you're practicing. Have a tight SL and a loose TP. It's a bad practice to allow your trades run loose or adjust your SL below whenever you think you might be taken out on a trade, just to keep it running. The only good SL adjustment one should do is the one when one is already in profit. And that's taking it up, and not lowering it. What are peoples thought on the best r:r or how do you set these levels
I like a 1:3 and above as Risk to Reward. I don't pick a trade that's anything less than that ratio.
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What's the token address?
Here's the contract address – 0x6d6ba21e4c4b29ca7bfa1c344ba1e35b8dae7205. It got listed today on Coingecko after a successful IDO across Bluezilla launchpads. Though the price hasn't been bullish after listing like most launchpad prices, I still see it as a great project. I ain't a team member, and this isn't a financial advice either. However, I believe the project is worth putting one's money in. It's currently trading at $0.0049+ as I type this.
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I believe in the saying – If it's not broken, don't fix it. If anyone has been using a wallet from a few months' past and hasn't had any issues till now, I think they're fine. The problem with most people is that at a time like this, there's always a mad rush to hit it big and cash out. So, anything that comes their way is taken as a gift from some supposed benevolent airdroppers. The airdrop could even be from a phishing site. It's about time people started thinking that airdrops are veritable ways to hack their accounts, and with that mindset they would become more careful clicking on links. I shared a related experience I have on another thread today.
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I try to follow the news about the listing of promising coins on different exchanges, this is almost a 100% chance that after listing the coin will take off, it has been proven more than once from my own experience.
For example, now I have bought coins for a budger and nwc, which will soon have a listing on huge exchange. I am sure that the price of these coins will rise immediately.
I'm cocksure your strategy is that you buy from presale. I had to dissect your posts into two so as to get a better perspective which the bolded also brought to the fore. For you, those bought tokens will rise once they're listed because they're sold way below listing price to presale investors. A lot of projects go that way, they utilize direct purchase or launchpads too in doing that. On the contrary, those who buy tokens when they're listed will dispute with you that prices go up once tokens are listed. Reason being that upon listing early investors will dump by taking profit, and that will cause price to dip. It's the normal expectation, and it hasn't failed. My strategy is always never to rush in to buy a token immediately it's listed. Wait some time for it to dip before buying in. It surely will dip below listing price. It's just a matter of time.
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Hello, I come to recommend a new innovation and new ideas to invest in whenstaking.com the token is very high with 2000% easily for its games made in unreal engine and a pre-release of gta in real life from nfts with whenstaking invests 10,000 dollars in a year with an APR of 85% they give you 85% automatically example 10,000 $ 1 year automatically 8500 dollars of return you only save 15% of 100% of your capital the truth is that I am supporting it because they are very good luck luck Do you think putting those mathematical figures will get a lot of people interested? Nah! If anything, I think it will make a lot more get suspicious that's it's a ponzi. For all its worth, I don't think those figures you have there are feasible. It's just a gimmick to hook users in. Except you prove to us with real testimony or vouch from a trusted member here, I take it that what you've there sounds fishy. It's too good to be true.
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This happened to almost all crypto newbies I know I'm sorry for your loss now I believe you've learnt your lessons, no one will DM you for legit reasons it's always scam DMs, here are other things to look out for
1. Don't run after what's not yours, when you see unknown tokens in your wallet address it's a scam, they will trap you once you try to sell the tokens, just ignore the tokens you don't know anything about
2. Use coinmarketcap to get the real tokens and coins websites and contract address and always disconnect your wallet from any connected Dex or website after purchase is been done
Your first paragraph should also have been numbered too because it contains viable advice. In every crypto telegram group, the mods and admins always have that tag of "we won't DM you first". It's a policy thing for projects because they know that a lot of scammers are on the loose seeking whom to devour. But I've seen a lot of peeps not reading at all. Most times they ask questions whose answers had been answered by the poster right before them. Yet, they won't know because they don't read. In same manner, I find a lot of strange tokens in my Trust Wallet that I didn't buy. I get to see the tokens only when I run a bscscan on my wallet. Without that, I only see the tokens I bought myself. So, do I chase or try to claim those strange tokens? Of course, not. I know doing that will lead to a wallet hack. But I know a lot of people fall for that kind of scam. It's greed that leads to that. If you didn't buy it, don't attempt to claim it. It's a gimmick that will eventually get your wallet hacked. Number 2 is the right way to go. Always follow projects by getting their links through CG or CMC where they're listed, and not through a back door.
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Also, he said that he plans to buy gold, bitcoin, and real estate when the price goes down. Mr. Robert Kiyosaki is a prominent investor who has a net worth of more than 100 million dollars and also a supporter of bitcoin.
Well, to start with, I didn't even think a lot of people know him as an investor. He's very popular for his books on wealth creation and I think he's better off that way. Write books and stick to them; it necessary doesn't mean because one wrote a book on economy that one will be most proficient at running a business. If it were so, the richest people on earth would be Professors of Economics. I'm of the opinion that the forecast by the Rich Dad Poor Dad author is an "either" thing. It could be or not be. However, if it doesn't come to past you won't get him owing up to it. They only do loud it once their predictions come to past like African pastors do. To be honest, I don't see a repeat of the 2008 financial meltdown in 2022 especially now that Bitcoin and cryptos are here.
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~snipped~
Made sense, but not everyone has the same views and thoughts because most of these people celebrating as part of their culture and beliefs. So, we cannot say that it's not an adult thing for having a feastive Chirstmas celebration. It's the culture and we gotta respect that. However, It's also correct that we need to be responsible for our spendings. So, either way there's definitely no wrong or right. Don't get me wrong on that. Truth remains that a lot of people do things because of pressure, and not necessarily because they would've wanted to do them on their own. That's the point I'm struggling to remake here. By the way, if you're alluding to Christmas as part of culture and beliefs attributes; that won't be correct because there's no where it's stated in the books that Christians should celebrate it. Not even Easter too. We should see the celebration of Christmas as more of a cultural and traditional thing. That was how the whole thing began in the first place. I think a lot of people take out the time to unwind around this period because it's a celebration that comes at the near end of the year. There are company and business holidays at such end of the year and most people utilize the time to travel and visit loved ones. Apart from that, there's nothing special about Christmas.
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Sincerely speaking, Snoop Dogg didn't grab the opportunity at the right time. One would've expected that he took up Dogecoin as it has a big similarity with his Dog moniker. Regrettably, he didn't. He was virtually silent on the whole crypto stuff until Elon Musk came on the scene to promote Dogecoin and then Shiba Inu too. I read in certain quarters that Musk is also behind Floki (I don't know for certain how true that is, anyway.) I was apprehensive if I would find Floyd Mayweather's name on the top list and would've instantly passed my judgment of what a sham the whole thing is. Nonetheless, I still think most names on that list don't deserve to be there. Apart from El Salvador, Musk and Mark Zuckerberg, the rest are mere fame seekers who haven't done much for the growth and adoption of cryptocurrencies apart from buying and trading them. I mentioned Mayweather above because dude promoted a certain alt that later scammed.
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OP, you've really done fantastically well for yourself given the short period of time (three months) that you got registered here and the over 120 merits you've already got. I know I have come across your posts and even merited some at some point but I didn't know you were that new here. Keep it up. Your rise is enough to be emulated. I believe you've read and memorised the forum rules as doing that will save you the headache of falling foul of them and then all your efforts will go down the drain when caught defaulting.
By the way, Lagos, Abuja and PHC are the leading states in Nigeria for cryptos. Other states are pretenders. 😏
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Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to spend this festive season, a new year is coming.
Someone jokingly said why would anyone even want to spend at Xmas season when Jesus, the supposed celebrant, hasn't invited anyone to any party. Despite the fact that it came off as a joke, it's a fact. More so, I think those who indulge in unnecessary spending for Xmas or any other festivities are being childish. Every adult, who is adult, should know that every year there's always a Xmas on the calendar. Xmas celebration is unending till the end of time. My advice to any one out there is to be sensible in their expenses. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.
I'm of the opinion that January even begins in the third week of December. Technically, it has around six weeks; not four weeks.
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Instead of just holding coins for an uncertain time, it is better to staking to increase profits.
That's correct. I hedl certain tokens for a very long time without trading and could've made much profit from them if I had an idea how staking worked. I didn't want to get confused doing it and so I stayed out. Until lately, I knew how and I've been getting rewards from those staked. For those who are skeptical staking, they can do that on Binance on those available cryptos for staking. At least, start with Binance since it's about the most trusted exchange before venturing into more risk with other sites. www.kclpad.com and sparkswap.finance are two good sites I use.
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But this is good buying area!
Those buying and selling zones have only been rejected twice from the graph you put out there. They may not necessarily be strong zones and could be broken when hit a third time. I'm of the opinion that Bitcoin will dip further as we head into 2022. It has had a great run for almost a year now and it's about time for the real bear to come upon us. This correction is what will expectedly set the alts season rolling. If anyone wants to buy or sell, I will advise that they let price bounce off those zones a third time to confirm its strength.
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That's because he is not human. He is a bot:
I bet, that's the most plausible jocular explanation for that. I've often wondered how some of these members find ample time to respond and attend to forum functions and questions promptly. Could it be real life boredom that drives them deeper into this forum? I wouldn't be able to stand such duration of hours staring at a screen. It surely will make my head spin. Another great and always available user is LoyceV as you rightly pointed out. And LoyceV is almost certain to have answers to issues raised here whenever such catch ... (not certain of the user's sex) fancy. These users are responsive and friendly to interact with. I sincerely hope they continue to be humane and not one day turn monsters a few good ones turned to.
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And if you're extra paranoid, always check the project's social media accounts so you're updated if there's a recent exploit or whatever.
I always do that, and I guess my paranoia is in order too. No matter how someone tries to direct me to a site (of course, trusted sites) I tell them to send me link to the site. I do this to avoid phishers. Any fund transferred to a phishing site is as good as gone. In financial matters precision and patience are key items. I rather wait for the right link than hastily google it myself. A project being audited by Certik or any other auditing company doesn't make a project hack-proof.
But it surely goes a long way in helping the investor relax and have that sense of security that their money is safe. I easily get interested in projects audited by Certik, and so far I haven't been disappointed.
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Whether we like to admit it or not, we all get caught up with emotions from time to time. It's a basic principle that one feels cheated whenever one loses out of what one felt one could have gained more from. Selling too early and out of the market and then the market tends to continue in a direction that one was in will always throw one into regret. However, it's good to shake that off and then look on the bright side of all the wins one has recorded. In trading, regret is alleged to be for the weak minded. Profitable traders know this and don't dwell or past mistakes. They just move on, and away from the hurt.
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Apart from Bitcoin and BNB on your list OP, I think the rest there are just over hyped. Come to think of it, Shiba Inu isn't even on your mention despite the great run it has had since its inception. There are several exchanges which have listed it, and I believe there must be convincing reasons for them to have listed it. In addition, I will add that investors should find a way to load up projects which are into Metaverse, play to earn, and NFT by 2022. I expect a hit in them next year.
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Beyond all the suggestions made above why young investors prefer cryptocurrencies, there's that crave to be associated with the rave of the moment by youngsters. Cryptocurrencies afford young people that satisfaction that they're a part of the rave of the moment if they bought or invested in it. I think this urge makes them bury themselves in the idea of cryptocurrency. There's that look of respect (of a perceived intelligence) for anyone who is into cryptos because those who aren't feel that those in it are more knowledgeable than them who aren't.
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So I just got into the forum not too long ago as directed by a friend and although the interfaces are kind of complex to comprehend
Yes, the interface does look confusing at first. It's the same way most platforms are until one properly settles down to using them. I'm not sure you've paid much attention to this forum since you registered here. You've made just eight posts and it's about two months since you got in here. You should spend more time posting if you truly want to get acquainted with it. Apart from the highly rich information about cryptocurrencies that can be gotten in this forum, can you also earn?
That's true. You can earn on this forum and I believe your friend must've told you about this to get you here. Perhaps, you still doubt that possibility. I think you should pay more attention to improving yourself on the forum more than the secondary desire which is earning here. The earning part will come at due time. Focus more on the community first, to learn and to teach others through your posts. BTW, from your moniker, I suspect you're Naija. You can find other Nigeria (Naija) brethren there. I don't know if you're already aware of that thread. Feel free to visit it, if you haven't.
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I have seen few post in the forum again which is portraying Bitcoin price in negative lights again and some are predicting Bitcoin will go below $40k, it's creating panic and sense of fear amongst the inexperienced users which may lead to panic selling.
Well, I guess those you think are fudding maybe doing that from hindsight, giving the happenstances of past years and how price reacted to them. I'm one of those who believe that Bitcoin will get into a bear season in 2022. I'm guaging it from the 2018 data. If what happened in 2017 played out in 2021 as predicted, then I don't see why the dip which has been predicted for 2022 won't come upon us. The same way we accept FOMO should also be the same way we look at FUD. It shouldn't be a one sided optimism. I don't see anything wrong with reading Bitcoin charts objectively and saying it the way it is.
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