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1  Other / Beginners & Help / Re: How to Make Money in Crypto and not lose it as beginner on: June 19, 2024, 12:58:50 PM

I know there are many doors to making money from crypto. but introduce them to the best.

The upside in altcoins is higher than that of bitcoin. So, asking people with $500 to invest in bitcoin will make them forever poor.
2  Other / Beginners & Help / How to Make Money in Crypto and not lose it as beginner on: June 19, 2024, 12:42:08 PM
I have mentored over 100 people in crypto. Some of them think Crypto is a get-rich scheme because they heard someone made $1m from a project. However, most of the time, they get into crypto and get their hands burnt along the way.

Here is my suggestions if you want to make money from crypto;

1. Knowledge first
2. Spot trading.
3. Airdrop Farming
4. Investing.

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

2. Spot Trading :
This is a tangible skill that differentiate you from another person. With this you know how to make money trading. But ensure you stay away from futures trading. Use spot trading to start.

3. Airdrop Farming:
This is a low risk way to make money in crypto. Learn the popular airdrop in crypto space. Currently Telegram mini app farming is what is reigning.

4. Investing:
What will help you here is physiological skills like emotion management and patience. You will also need to learn when to invest and when to take profit.

To conclude this, you can learn this from credible YouTube channels and Coinmarketcap/Coingecko education channels.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Celeb Coin Will lead to massive crypto adoption. on: June 19, 2024, 10:37:57 AM

Most probably. Iggy Azalea, the owner of Mother Token with 7M followers defends Iggy on Twitter despite showing a lack of knowledge about ETH. Forbes published an article about Mother Token, gaslighting her fans.

Iggy distributing those tokens to them will make those fans turn into crypto investors especially when they see the growth of their money. I'm not seeing other celeb coins though except this one.

What do you think could happen if a celeb project has gaming as a core model? Don't you think it will spark adoption in a more meaningful way?
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Celeb Coin Will lead to massive crypto adoption. on: June 19, 2024, 06:51:42 AM
Those who are not interested in web 3 will stay away no matter what happens. They will be aware of the risk that you have informed in your point number 2. Why would any celebrity risk of investing a lot of money into a web 3 project. They are using the narrative of meme coins to fill their pockets.

A new model can be developed for celeb coins. Why cant they build game around their projects?
5  Alternate cryptocurrencies / Altcoin Discussion / Celeb Coin Will lead to massive crypto adoption. on: June 19, 2024, 06:39:47 AM
This is a recent development in crypto where celebrities are now launching coins. I have been reading many threads on what could be its effects but I personally have mixed feelings.

1. Celebrities have large followers. Their coins could introduce their fans to web 3 and crypto.
2. They are using it to exploit people. Some of their tokens have pumped and dumped within 24 hours of launching. This could affect crypto negatively.
3. Most celebrities launch meme coins? Why cant they launch a project that has utilities.

What do you think could be the short term and long term effects of the celeb trend?
6  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Take Profit in this Bullrun on: June 03, 2024, 10:25:39 AM
Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?
Here's my words about those points above.

#1. Risk management would be always that recommended or something that should really be in default.
#2. Greed is normal and having that control wont really be something that will be easy and also as fear since we are just humans then it would be normal. Enough experience would be the key on this one
#3. This is whats the most important thing is that you should really know on how to take profit. You wont be considered yourself profitable if you dont know on how to secure profits.

#4 Always make up some research on what are the coins that you are tending to deal with. You cant just careless pick up with low MC's and assume that it would be making out some nasty 100x.
#5. DCA only on solid projects or something that do talks about with those old and established coins.

Whatever you do into this market then it would really be something that will be basing up on how well you do make out those kind of decisions
which would be reflecting out on how experience you do are on this market but make it sure that in every move you would make then you should be thinking up well
whether it would be viable or something that you should skip out.

Most people learn by experience and others learn from the experience of others. The latter is desirable
7  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Take Profit in this Bullrun on: May 23, 2024, 09:12:34 PM
Are there other strategies for profit taking?
I think it is the common and you've said it about DCAing. This one;

2. DCA out at every milestone of the project.

You sell whenever you are in profit and you just do it every time that you're going to need some money. But apart from that, as long as the price targets are being hit, you'll sell maybe 10% or so depending on how much you need.

Not another strategy but it's very common when someone does this because it's very effective and the rest that you still hold could bring no longer heart feelings when you've taken out already huge profit.

If this is the approach how will people make life changing money?
8  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Take Profit in this Bullrun on: May 23, 2024, 09:09:52 PM
Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?
The idea you've listed on profit taking, is virtually what every investor would do, though some will still hold on till the profit reaches 100% based on what they've predicted the market cap will rise to, However some person's will argue that, 50-60% of your profit should be enough for you to take, as exceeding that will be greed. Don't forget that, you can successfully hold your coin for long period for it to yield good profit, and Bitcoin is the only major coin that has that capacity, others are too unpredictable so is not advisable to hold for long, so hence you get a little percent above your capital, it's advisable to take profit.

What level of unrealized profit is actually greed? For instance some people sold BTC at $500 while others are sold at $70k. Some people are still holding. What level of Unrealized profit can be considered greed and fear?
9  Alternate cryptocurrencies / Altcoin Discussion / How to Take Profit in this Bullrun on: May 23, 2024, 11:23:49 AM
Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?
10  Bitcoin / Bitcoin Discussion / Re: Rune vs BRC20 on: May 23, 2024, 11:15:46 AM
Is there really any need to keep learning about a scam that totally failed?

Runes are just distractions that came under bitcoin network and caused a lot of network congestion which pissed a lot of people off.

Some kind of thing that called itself standard which every one can create their own token with names that makes it look special and try to sell them out at the same time.
They are a whole bunch of shit that caused our attention sometimes time ago, no wonder it die off gradually.

I thought we are past discussions about this failed project?

Innovations dont make sense at the onset. I believe there is more to this in the future than what we have today. An experiment that failed will be pivoted and it could turn out to be an advancement in bitcoin network.
11  Bitcoin / Bitcoin Discussion / Re: Rune vs BRC20 on: May 23, 2024, 11:10:39 AM
runes are not a BTC standard

runes and brc are junk data sold to scammed victims.
thats all that needs to be said

the creators are just scam creators. they create junk sell it and then a few months later create some new buzzword for new junk
they dont care about longevity of their creations as long as they make a some money from each iteration to profit and then fund the next buzzword iteration of the same crap scheme

Do you mean that NFT and fungible NFT standards are not innovations. I disagree with your position. Real value is being created by these innovations. It may not reflect in the short term but in the long term they will.
12  Bitcoin / Bitcoin Discussion / Rune vs BRC20 on: May 23, 2024, 10:37:58 AM
This post will simply be about learning the difference between Rune and BRC20 bitcoin standards.

Based on my studies, Rune is a fungible token standard on the bitcoin blockchain. The standard is an improvement on the BRC20 which is more non-fungible than fungible.

What are the other key differences between Rune and BRC20? Are there more compelling cases for Rune as an innovative btc standard?
13  Local / Nigeria (Naija) / Re: Two Events that'll Influence the Strength of NGN /USDT on: June 08, 2023, 04:48:07 PM
How do you think these two events could impact the strength of NGN against the USD? Will you buy and save USDTinstead of saving in NGN?

Dangote talk say him go dey export (abi him dey expect to they export)  around 40% of wetin dem refine to outside. When exportation happen for any country e dey introduce foreign exchange so dat one go surely affect dollars. The problem of this xounyna say we no dey export anything sufficient to dey make foreigner dey bring there dollars come the country which side is why dollars hard to get here and this one follow why dollars dey cost. We dey too over value am. Tinubu administration go also help the situation of the country, heim dun first commot subsidy and na better thing be dat. That subsidy dey chase away foreign investors wey for come invest for the refinery and filling stations wey we get to get slots for the profits wey the dem go generate.

When you subsidies something, you make it difficult for competition and without competition and freedom for the market to decide price, investors no go dey interested in that thing. Now wey Tinubu dun comot subsidy na for local refinery to start to dey attract international investors wey go help make dem function. Make the government commot hand for the refinery and dey tax dem but make dem function on their own and watch how dollars go begin enter the country, Naira begin get value and fuel prices begin to come down. Competition go dey for filling station too and no be this nonsense wey dem dey mandate everybody to sell the same price weather you dey make profits or not

Wetin you yan na true talk. wat if de goverment come change their mind for the subsidy when dey wan comot. I hear say NUC won protest say why goverment comot subsidy?
14  Local / Nigeria (Naija) / Re: Two Events that'll Influence the Strength of NGN /USDT on: June 05, 2023, 07:50:25 AM

How do you think these two events could impact the strength of NGN against the USD? Will you buy and save USDTinstead of saving in NGN?
it was a tough decision removing the subsidy because the subsidization has cushioned Nigerians years from now, but it also a huge step towards improving the economic because the government pours several dollars for subsidy, so with the removal; the government promise an increase of 6% GDP (gross domestic product).
The Dongote refinery will make a great impact to the economy as it will be producing 650,000 barrel pay day, with this, they will be decrease in importation, and increase in currency savings.
But regardless, i'll prefer saving in USDT because of trading.
[/quote]

You prefer saving in USDT for trading but what if the naira plummets to 650/$?
How do you manage that risk?
15  Local / Nigeria (Naija) / Re: Two Events that'll Influence the Strength of NGN /USDT on: June 04, 2023, 09:01:37 PM
Many of the fuel that are used by Nigerians are not refined in Nigeria. Dangote refinery will be capable of refining domestic fuel and export if true what we heard about it. This will definitely helps reduce naira devaluation.

What I first thought of about fuel subsidy removal is that it will result to inflation. We should be expecting that. But according to what the president said, Nigeria is exporting subsidized PMS (petrol) to Benin Republic, Cameron and Republic of the Niger. If PMS subsidy is removed, more foreign currency can flow into Nigeria and this may likely help to reduce naira devaluation.

Well, it doesn't sound plausible that Nigeria is subsidizing PMS for neighboring countries. How does that affect the economy? Money released from there could be channeled into productive use
16  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: 👉 BrainBoss Managerial Service 👈[ANN, Signature & Bounty - Meme, GameFi, DeFi] on: June 04, 2023, 08:52:46 PM
One of the best in signature campaign and bounty . He is  highly recommended
17  Local / Nigeria (Naija) / Two Events that'll Influence the Strength of NGN /USDT on: June 04, 2023, 08:37:28 PM
There are two events that have occurred in the past one month in Nigeria that have the potential to impact the exchange rate.

1. The Launching of Dangote Refinery
:
It is believed that the facility could produce adequate refined fuel ⛽ for local consumption. Asides that, the excess production could be exported. Export means demand for the NGN and appreciation of the currency.

2. The BAT administration :

The BAT administration is very critical for the economy of Nigeria. Starting with the removal of fuel subsidy and the reaction of the USD to NGN as a result is just one of the many policies to be introduced.

How do you think these two events could impact the strength of NGN against the USD? Will you buy and save USDTinstead of saving in NGN?
18  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Know the Next PEPE on: June 04, 2023, 08:01:06 PM
there's honestly no factors that influence meme project in general all of them are just pure luck, even their popularity was very random.
if it's determined by innovation or whatever it is, surely it wouldn't be this random but the truth is these meme coin get popularity out of nowhere.

I don't think people just get lucky. I think everything happens as a result of careful planning and strategising.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Know the Next PEPE on: June 04, 2023, 07:57:07 PM
I think it's difficult to find the next pepe memecoin because in memecoin it's gambling,
and one of the ways you can buy all the memecoins that appear on exchanges like Pancakeswap or Uniswap is just like what Justin Sun did,
he buys all the memecoins and actually holds , if you win then 1000x can be achieved, and of course that is very risky.

Is that what Justin Sun crypto strategy is? Well, the strategy that most people use is pulling off of the initials and then ride the rest. Doing so will help manage risk
20  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Know the Next PEPE on: June 04, 2023, 07:55:07 PM
I guess best way of knowing the next big meme coin is through just waiting for elon shill, you just never know which coin gonna get massive rally.
I even sometimes think that it's all just pure manipulation by the whales and nothing more, after all, why the rally is so random, not because it's got some quality in it.
but just because suddenly the price of these meme coin suddenly increase and the increase seems motivated and backed up by large capital behind it.
i just couldn't wrap my head around how these meme coin could suddenly get such massive investment, maybe it's all just coincidence but honestly, we all here just speculating.

While this is a great point. Most traders use two fundamental metrics to trade crypto assets. 1. Elon Musk shilling post and 2. Whale tracking

Knowing fully well Elon said the the most unlikely prediction could be the outcome.
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