Have you been thinking of how you can make lots of $$$ from nothing in crypto?
Have you heard stories of those who have made thousands of dollars in airdrops and the like and wondered how they did it? 🤔 Well, wonder no more!
I have pasted a few links below where you can play very simple games and earn lots of money in return. Yes, all you have to do is play games - tap your screen - on Telegram! You don't believe? Just try one.
In my first year (2022) of trading futures, I lost all my investment - about $25,000.
Of course, I didn't start with losses. At the beginning, I was printing money taking big risks without understanding leverage and market fluctuations. Then Solana tanked and I lost it all in a day. It was a terrible time for me.
Now, I understand better how terribly volatile the crypto market can be, and I'm learning everyday how to manage my margin ratios. Millionaires will be made in this market and I plan to be among them.
So what's your story? How much did you make or lose when you started trading futures?
The market is pumping and everyone has now become a guru again! 😅
Please be careful who you listen to. When the wind blows, even the leaves start feeling like birds! You can only know those who know their onions in the middle of crisis, so be careful of the advice you take. Identify a few trusted people and stick to their analysis.
Future traders let me be clear here you can't survive without money management. Suppose you have a strategy which has 99% win rate and you you flipped your 100 usdt portfolio into 1 million and you made this profit on your 1000 trades. Without sl one trade can wipe our your whole 1 million portfolio in 1 minute
If you are not putting sl it mean you are putting your whole portfolio at risk. It mean your sl is your liquidity
I learned this lesson very hard way and i wasn't putting sl and because every time i put my sl market triggered it
Learn to put your sl first. In futures trading before entering you must know that where to exit
You need to change your psychology first
Traders always closed their profit too early and they let the loss grow. After improving your psychology and money management skill you will have your own money printing machine. #sol #NEAR #BTC
Winners and Losers as the Central Bank of Nigeria Removes Ban on Cryptocurrency Transactions
In a major reversal, the CBN finally lifted the ban on cryptocurrency transactions in Nigeria! With Nigeria 🇳🇬 ranking no 2 in crypto adoption globally, and growth rate estimated at ~24% according to Statista, this move was inevitable.
What does this mean for stakeholders? Who are the winners & losers?
For INDIVIDUALS: I see a major shift with cross border transfers. If you can transfer say $20,000 equivalent in crypto (USDT for instance) at $1 fee in 15mins, why spend $150 and then wait for 3 days? 🤷🏽♂️ It makes absolutely no sense. With the increased ease, will come more crypto speculation, more millionaires, and more bankrupt people! It's inevitable that investment in cryptocurrency will soon start being benchmarked against traditional investment vehicles, and crypto will win - before the next crash 📉. We will see a shift in the investment climate.
For BANKS: The days of lording it over we poor folk with FX transfers are coming to an end. The banks will lose out with individuals in traditional USD transfers, but probably maintain that for institutions - for a while. Banks, being smart hawks, will however make up with commissions and the like. Last last, they'll be okay. Best part of this though is that it will bring lots of funds back into the mainstream and make it easier for the CBN to manage policy & regulation.
For CRYPTO PLATFORMS: I think crypto trading platforms e.g. Bitmama, Binance, Quidax, Patricia (if they can recover) etc will be the ultimate winners. With restriction lifted, activities on the platforms will become mainstream. That means more customers, more transactions, more commissions... 💰🪙💲 In addition to generating more revenues, they'll also find it easier to attract investors at higher valuations. I expect to see new startups and a renewed drive to raise funds in that industry.
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