BUY when its LOW and SELL when its HIGH (BLSH) In recent time following the bullrun of 2020 which has somehow seemed not to fade out completely with the bitcoin market still on the rise as other determinants for the direction of the market has come in play like Elon Musk in his tweets and the whales in recent time to push and sustain the market at a high, breaking and creating new highs with btc price now at $66k, the investment strategy of buying when its low and selling high (BLSH) seems to be of little or no importance anymore. Now, it's all about, everyone needing a piece of the pie, to be a shareholder, a crypto smart citizen of the world and so, it doesn't matter when you buy no more but how long you can hold on to your btc. So bitcoin has been marked as a currency of the future and so, spending bitcoin at the moment doesn't seem much like the right thing to do as it isn't supposed to be so with currencies. Currencies are meant to be for exchange but bitcoin though is exchanged, the growth it attains in due time makes it a hard to spend currency. Hence, owing a certain % of your asset in bitcoin seems like the best form of investment in recent times with the waves bitcoin is creating globally. As to this note, whales and Celebrities around the globe in the likes of Elon Musk a crypto enthusiast and investment guru has come up to invest huge in bitcoin to spike its price such that, even at all time highs (ATH), we still experience a massive buy which makes one ask themselves, What happened to Sell when its high and Buy when its low? What do you use now to determine when to buy? For me, its a matter of buy if the market is lower than the previous day and be ready for a long time of wait. It all goes down to one thing, buy or own bitcoin now!!!What do you guys use? The strategy or principle is still very valid as one needs to know what's the difference between revenue and cost. Whether you trade or invest, you're looking for one thing which is asset growth. It won't be wise if your cost is higher than it's revenue. So buying lower makes your costs low, and selling high makes your profit higher. BHSL is a truism.
Since when "buy low,sell high" is called a strategy?  This is just common sense.Buying low and selling high is what every trader/businessman in the world does. This topic is kinda pointless.The Bitcoin price is about to decrease,so there will be a great opportunity to buy cheap Bitcoins,before the next bull run,when the price will go up and the buyers can sell their BTC for a profit.There you go,OP.Your question is answered. It's quite unfortunate that Bitcoin is an investment tool,rather than an actual currency,but this might change in the future. Btc serves two major purposes. As a store of value, which makes it an investment vehicle and it is a means of exchange, you can pay for a Tesla car with btc. Due to the value of btc, in the future 0.00000001 will be enough to buy a cup of coffee. [moderator's note: consecutive posts merged] |
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There is something that fascinated me about Binance exchange platform. It's how innovative their services and products are.
One of the products is the Initial Exchange Offering, which they called Binance Launchpad.
This kind of product will do the following to the Crypto and Blockchain industry.
1. Rapid development of the industry as entrepreneurs are encouraged to launch their products.
2. Investors will be attracted.
This has become important as bitcoin and other crypto assets have proven profitable in recent times.
What other products do you like in Binance or other exchange and how does it work?
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There is something special about Dubai, they always seeks to maximize opportunities. you see this is one of the countries to accept btc and some altcoins as a means of payment, It is positioning itself to leverage the first mover advantage. In the nearest future, other countries will consult them to guide them how they did it and they will become an authority in this technology to other countries. Great move
That's a huge news for dubai. Well we have admit that dubai is a country where people truely smell the real freedom. I think this is the place where people can work, live with full freedom that is why country also becomes a world's beautiful country and a country to live like king size. We also have to say that they understand that this is a technology. And technology is not for banned. And our people have to use technology, they should know about latest technology which will make our people more smart. That is the main reason what our countries also thought that technology is not for banned if there had some illegal then find a solution to make it user-friendly but banned! Its not a solution. By the way congratulations the free city of dubai.
Some countries that are anti-crypto are of the view that it is a means of financing terrorism and money laundry in a country. Well, what these country should do is they should seek ways to ensure they explore the positive sides of the technology and also come up with a framework to ensure that it would be impossible to use it to finance terrorism. [moderator's note: consecutive posts merged] |
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Hello,
I am looking for the best companies that trade with Bitcoin on your behalf with an account manager and etc. Also how do they work?
This is one of the ways to get screwed and your hard earn money will part from you in no distant time. You see , a friend of mine did this about 3 years ago, he gave his cash to a business that trade on behalf of people with the promise of giving him a periodic return. It never happened, his capital vanished into thin air. This could only happen successfully when you really know the person level of competence and honesty.
All I can say is that if you want to manage your crypto asset, Grayscale is there. But, about trading, there has been many sites that have done this in the past while many people still lose and portrayed the sites as scam, be careful of such sites,trading generally is risky. This is also a very good means to be scammed.
Yes, atimes it is not the operator of the business that always scam but the volatility of the market may cause them to be at a loss. In that case they may not be able to manage or bear your risk. It will end up as though they scam the clients. However, learning to do it yourself has been a very good advice on this space. [moderator's note: consecutive posts merged] |
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Although, Nigerians has gone p2p as the perfect alternative which is even better.
The banning of crypto exchange affects the government and the deposit money banks negatively. You see, commercial banks have been earning revenue from two crypto sources; 1. when a retail trader deposit fiat to his account in an exchange. 2. the banks also earn money from managing the fiat of exchanges. the Government earn from the banks and exchanges n terms of tax payment. So, this has been cut-off. Yesterday, i bought some coins using p2p, there was no need to pay charges for sending fiat to exchange.
that's the problem with governments that do weird things about bitcoin that is against what the rest of the world is doing and against what people like. it forces people to go off the market and do more P2P trades that the government can not ever have any control over and worst of all is that they can never take back that control they lost in first place.
P2P trading is not as popular as going to a centralized exchange in countries that have accepted bitcoin and their government has more control over the market and what people do!
I see the government of Nigeria has thrown away the bath water and the bathing tub, so bad. prior to the ban, i deposited fiat from my bank account directly to my Binance account, now that it was ban, even after the lifting of the ban , it would be very hard for Nigerians to use banks as a channel of deposit to buy or sell coin. This is the birth of the crypto black market, the same way the dollar black market was created. I wish they thought it well before giving the order. [moderator's note: consecutive posts merged] |
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The ultimate market manipulator is at it again.
Well, i do not see Elon Musk to be a market manipulator, instead what he does is that he is using his freedom of speech. Do you know how many people talk about btc, dogecoin etc on twitter on daily basis. If what he says has power, that means he is simply enjoying the benefits of building himself into an authority. So, if you want to wield the same power, i guess you should build yourself to become a highly respected personality-online and offline.
This is what i think fascinated Elon Musk more than even the coin, the blockchain technology supporting the coins. Well, i see in the future he would build products in this space. He would have probably by now studied all that he needs to know about blockchain technology. I wont be surprised if i see him launching his unique product-as you all know his products are alway unique. [moderator's note: consecutive posts merged] |
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What is a good cryptocurrency course for me to get a holistic grasp of everything and which will explain all of the technical terms in detail? And what are the sciences needed for one to understand the ins and outs of crypto meticulously? (ex: cryptography, finance).
Well, to me a good crypto course should have contents on the following areas; 1.introduction to cryptocurrencies. 2. Blockchain 3. Crypto exchanges 4. Crypto Wallets 5. Crypto trading 6. Crypto Investing 7. Crypto Mining. with these, you should have a very good knowledge about the subject of cryptocurrency. I feel you could acquire most of the knowledge on this platform, but you need to put in the hardwork to search for contents.
actually in cryptocurrency you don't need to worry about anything, you just need to find out for yourself and I'm sure that will make you understand, gradually you will understand all the ins and outs of cryptocurrency. I am not a highly educated person. I only graduated from elementary school, and do not rule out, the fact is that I can be with the best people in the world of crypto, which is to be in this forum. a pride in itself. all you have to do is don't be lazy to learn, keep reading every crypto-related article. and note that you will not understand crypto if you don't love it so the important key to understanding the ins and outs of cryptocurrency is loving it. because I believe we are here for the same reason 1 is " our love of crypto". as for the benefit of all of this, is the fruit of what we do with all our hearts. The best approach of learning is practicing. you only know what you do and you don't know what you don't practice. This is how i apply this model. When i first started out learning crypto, i had the passion just as you said but beyond that i did something profound. when learnt about wallet, i downloaded it . when i learnt about trading and investing, i bought some coins and started observing how these concepts really work. So, i can tell you that i can now teach others because i have read and experiment with the knowledge. If you can do the same, you will be fine and be glad you did. [moderator's note: consecutive posts merged] |
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I created a thread on the bitcoin discussion forum about how the impact of Nigerian governement regulation of crypto trading would affect the youth. The digital alertness of the youth is a thing that its government should be proud of. Instead of exploring ways to harness in building her economy, it is busy looking for ways to hinder it. Here is the link to the thread with the title; "Will Nigeria go late to the crypt party?" https://bitcointalk.org/index.php?topic=5317994.msg56373699#msg56373699
Nigeria as government or Nigerian society.Nigerian government says bitcoin has rendered the national currency worthless.
The Central Bank imposed sanctions on individuals who trade and froze their accounts.
Countries that have high inflation rates will resort to protecting their assets, and before young people in those countries buy bitcoin.
What i will advise CBN to do is to invest their reserve (which is mainly from oil) in bitcoin just as Elon Musk did to Tesla. When you say, you don't want the value of your national currency and reserve to depreciate, you look for ways to preserve and grow the one you have. what would happen if countries invest in btc like the way they are investing in gold? [moderator's note: consecutive posts merged] |
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<snip>
A great percentage on Nigeria using cryptocurrency is reasonable enough to catch the eyes of their government. It's being popular on their country, now I doubt how those crypto enthusiast will gonna do after their government ban cryptocurrency trading.
We are very creative in Nigeria, the government dont want banks to benefits from the dividend of crypto through the use of bank medium, the very cost effective solution is the P2P. With the P2P solution, you could buy coins ans sell coin in Nigeria. We have many crypto exchange that have systems to ensure that the solution work seamlessly.
Was this a sudden ban? I have heard people saying that their bank accounts were closed because they were associated with crypto currency trading. Even those who traded months ago had their accounts closed. Are they freezing all the funds? Or they giving some clause which will allow you move your funds or enable your accounts again? Any particular reason why they but a ban on crypto currencies? Feels weird to see how some countries are still opposing bitcoin while others are becoming more bitcoin friendly. Probably they will once again allow users to trade once they have a better framework and be able to regulate crypto currencies properly. It is not possible because Nigerians still make use of bitcoin. There are many active p2p market that Nigerians have moved to now which is better than bank transactions.
How will they cash their profit if its illegal to use? I believe one of the reasons why the government ban crypto trading in Nigeria and is also freezing people's accounts is due to the role btc played during the #EndSars nationwide protest. Donation was launched by Jack Dorsey via his twitter handle, the donation was to be made in btc to support the protesters. It seems is a political revenge. [moderator's note: consecutive posts merged] |
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This is a great opinion gathering thread. To me, personally the two altcoins are doing great at the moment and will be very profitable for investors in the nearest future but, here is why i will choose BNB to ETH. The Binance team are very good at marketing. what creates value and increase the value of an asset is not just innovations or product development, it is marketing. I see Binance doing this alot in recent times and that is what will make them to outperform most altcoins in the future.
Both are the same as the altcoins I like. because for transactions on the BSC platform I need BNB. And often use to be able to participate in the binance IEO. I think a lot of people agree with me that the binance IEO is the most successful. because the increase in price after listing can reach more than 5X. for ethereum so much that I can get as trading on Dex and also Tokens for trading
Having a product that support innovation in the crypto and blokchain industry is a very strategic move by Binance. Yes, i am referring to the Binance IEO through their product called Binance Launchpad. As i was reading about this product lately, i discovered that projects or token listed on the platform for IEO would have to use the BNB as their base coin. This does two things; 1. it will help the projects to raise capital to finance their project and 2. it will help in building Binance brand equity. [moderator's note: consecutive posts merged] |
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What the country lacks in technological hardware, is compensated with the knowledge of the people in that country regarding technology. Seriously, Nigerians are very good with technology and coding, and oftentimes the skills are put to bad use courtesy of scamming and online theft, but imagine if the countrymen will be given the chance to prove themselves, they may even become pioneers of technology
This is exactly what i am talking about, i see the ill happening in Nigeria to be a reaction to bad leadership and governance. The youth should be given a chance to prove their ingenuity and ablity to solve problems. |
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There is one feature of the CEO of Tesla, Elon Musk i like so much. It his mastery of EXECUTION. once he said he want to do anything, he does it without wasting time. This website will add to the already existing narrative surrounding tesla, musk and btcoin rise. I see this would further incrise the price of btc from $50k to a new ATH
Musk is smart. You buy a car now with BTC and you could buy 3 or more cars in the future for the same BTC amount. The early BTC payment adopters were even smarter.
An interesting observation, and that’s why I have to ask myself how many people will actually buy a car in a way that they will pay for it with Bitcoin? Ever since I've been on this forum, people have been speculating about whether to spend BTC or keep it until it reaches a certain value. Those two 10 000 BTC pizzas from 2010 today have become arguably the most expensive food in history  Everyone who has ever bought something for BTC, today is surely thinking about how much their purchase is worth today - and if you did it just a little less than 1 year ago, the difference is as much as 10 times. Buying a car for BTC will not be a favorite move for many, especially for those who dream that 1 BTC will one day be worth $ x000 000 - which does not seem like an impossible mission at the moment. All money must be spent. I know income has the following components; yd=C+S+I, which is disposable income equals consumption, savings and investment. But, the truth is that; Yd=C; because saving will eventually become investment and investment would eventually become consumption. It depends on how you choose to spend your btc yield, to many people it is to use it on luxurous lifestyle. I see many people would end up buying Tesla car because it is one of the coolest toy to have. [moderator's note: consecutive posts merged] |
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Have you ever seen a developing country lead a technological revolution? I have not seen it happen; they always take the back seat of every revolution.
But, there is something special about Nigeria; it is a country that has what it takes to lead the cryptocurrency revolution.
You may be asking how I know this. The answer is very simple. The youth population are very active when it comes to entrepreneurship and digital activities.
Here are three examples;
1. They used Twitter, Reditt and other social media to mobilise resourses and people during the #EndSars protest.
2. The is country leading the Crypto transaction in Africa is Nigeria by Google trends ranking.
3. We have some digital entrepreneurs in the crypto space with interesting innovations.
Well, as Elon Musk said that “he was late to the bitcoin party”, but we have seen that he was not late to the party, if Tesla invested $1.5bn at $38K/btc into btc and it current price is above $50k/btc, do we call that lateness or first mover benefit?
With the way the Nigeria government is regulating crypto transaction, will the country be late to the btc exciting and rewarding party?
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don't forget DeFi. thanks to these projects the market has become livelier. although it did not have a direct impact on increasing bitcoin, but defi was successful in attracting people to invest in crypto. defi is becoming a new trend in the crypto community and is one of the most popular development concepts. proven because currently there are many defi projects being released.
Indeed, the Defi Effect should be added to the effects causing the rise in the price and asset status of btc. It holds a huge promise for the industry. According to Mark Andreeseen, what the internet did to information is what cryptocurrency will do to finance. It is interesting that all financial services is being digitized using blockchain, thanks to smart contract. |
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Okay it took Bitcoin 12 years to reach up to around $1trillion market cap.
Apple reached $1trillion marketcap in 2018 and doubled it to $2trillion in 2020 in just 2 years!
What will it take for Bitcoin to double its marketcap to $2trillion resulting in $100k for each btc this year?
Where the extra $1000billion will come from to make this happen? Okay Elon Musk spent $1.5b but that leaves $998.5 billion left to go right?
Did the corona virus helped Apple to double its marketcap because the forced lockdowns meant more people needed to buy iphones to keep in touch with friends & family?
There's about £2Trillion helicopter money coming soon from the federal reserve printers, how much of this do you guys think from retail investors will go into bitcoin?
My thought will amaze you. i like this thread because it look at bitcoin optimistically. An invention of 2008 is almost $1trn worth, what an amazing invention by forsighted entrepreneurs. If it takes few months for btc to rise from $15k to 50k it will take less than 1 year for btc to rise to $100k becuase of hat is called the domino effect and the networking effect. The more institutional investors and pulic companies adopt it, the more it will spread, thereby producing a network and domino effect in a positive way. |
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The economist had explained it in the right way. when a new technology is evolving, the government and other powerful instititutions have a responsibility to its economy and citizen, it is the responsibility of knowing what is happening and how to explore what is happening. The question is not to ban what has a very compounding effect . One of my mentors sad he want to be wrong with Elon Musk, Paypal and other business leaders that know the potential of blockchain and cryptocurrency.
Actually, these is no specific rules regarding cryptocurrency.
Did I read it correct? It says there’s no specific laws on crypto and it falls under foreign exchange rules. But if I'm correct I have seen BB has put some punishment for using it specifically for crypto. I don't know, may be I'm wrong. Anyway, I think govt should come forward, it’s high time or we will be late in the party. If it was legalized earlier, we could have some big whale from our country while it’s very impossible to have such big whale as per current market. This is one of biggest problems for developing countries. They don't want to get advanced with technology and when it comes to such a corrupted country versus transparent currency system, they will have a big no. This is one of the problems of developing countries, they always position themselves to be victims of circumstances. When will they ever lead a revolution. Another opportunity to lead a revolution is presenting itself in the crypto and blockchain space but they are no where to be found. Until they all believe that Digital technology will take over everything, there approach will be limited. [moderator's note: consecutive posts merged] |
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This is a temporary effect, the price drop is inevitable.
yes, the decline is inevitable because its an asset that must rise and fall and also due to the work of speculators. but, the fact remain that the correction will not be as it used to be and it wont be very big because of the activities of investors who are waiting to buy when there is a small correction. It is beyond a temporal effect, but a changing effect.
Btw we may see the 100K USD in near future but at the moment, somehow we can't reach the 50K barrier despite the fact that price become 49K. At some point I thought if we reach 49K, then it's guaranteed to buy bitcoins cause people always psychologically prefer rounding of numbers.
I am glad that btc had reached its ATH today when it reached the $50k . This is a dream come through for many people especially retail and institutional investors as it has validated the profitability of btc as an asset class. Imagine, Tesla bought btc at $38K, he has made $12K profit per btc. That is very amazing, isn't it? [moderator's note: consecutive posts merged] |
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In my opinion, these points are quite reasonable and have been proven when it was recently that it was not too surprising. maybe we are getting used to the turmoil of the bitcoin market which is how to walk sideways. but what if at this time we heard that the fate of bitcoin was at stake in America, as if bitcoin was collided with the position of the dollar.
It has become very clear that btc is not competing with any fiat currency being the USD or the China’s yaun. This is because the world has seen that btc is even more valuable gold which is the standard of fiat. Well, they only have to accept this fact and seek for ways to explore it. |
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Are we all in agreement that 98% of the 'crypto experts' on Youtube have no idea what's going on?
They use clickbait titles like "BIGGEST OPPORTUNITY IN DEFI" or BITCOIN ABOUT TO "EXPLODE / DIE", they are the ones smashing it in crypto but only through youtube ad revenue?! Or most of them shill their own coins.... I have seen huge pumps in coins they are hyping up on the video, the coin pumps just before the video is released.
Do most people on here stay away from them?
Can anyone share REPUTABLE sources or is everyone on this pump and dump scheme?!
Well, i discovered that there are good Youtubers, some were forext traders before they switched to crypto traders. Some are good at analyzing using TA and FA, while we have many others that are there for the hype. I feel this channel The Moon is a great crypto channel . |
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I think most institution study it and they realize the possibilities and important of blockchain overall.
yes, i feel the lag between this surge in global adoption and when they never reacted was used to conduct proper research regarding the prospects of the blockchain technology. This is what i have been saying that when you dont understand a thing, you should research about it. I still feel that some countries that are bannng crypto exchange have not properly studied the underlying technology-the blockchain. I enjoin countries like Nigeria, India and others should set up a team to study what the future of cryptocurrency and blockchain will look like .
the increase in the price that we feel now in btc is still called a pump but i think ill agree with you because i cant find or think of a reason on why btc were pumping before and i even search it and found a similar post from yours , its from cnbc and they say that btc pump in 2017 are only a manipulation. from this year some big investors like elon musk are rumored that he is only manipulating btc but other big investors are legit that they are sincerly investing in btc . now we are confident that price wont just collapse hard same to what happen before
This is my position too. yes, btc price correction and surge was caused by halving and pumping before but now the game has changed. We have real adoption from corporations and investors, this will make the price to alway maintain a level of stability, as a little correction will mean an opportunity for investors. Wow, the times are very good. [moderator's note: consecutive posts merged] |
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