How Nigerians can Make ₦5000 Naira Daily Trading Bitcoin on LUNO

How to Make Money Trading Cryptocurrencies

How Nigerians can Make ₦5000 Naira Daily Trading Bitcoin on LUNO

Hey Guys! Hope everything is going on well.

Personally, have been away doing some research on how Nigerians can make more money in 2018. Do ensure to visit 9jacashflow.com frequently, as I will be dropping my mind-blowing findings ASAP.

Today, I will be sharing with you how Nigerians can make money trading bitcoin and other cryptocurrencies on LUNO (A South African bitcoin wallet & exchanger operating in Nigeria)

To the new-comers on my blog, Cryptocurrencies are digital assets/tokens that can be used for making payments or as ownership of value. Some big believers in the underlying technology even consider it as the monetary system of the future.

Out of the over 1340 cryptocurrencies available in the world, the most widely used is Bitcoin. It is a peer to peer technology that allows you to send money instantly at little transaction fee and without any middlemen (moneygram, western-union, banks etc).

So boom!!! to the making money aspects.

Disclaimer! Everything I will be sharing should not be taken as financial advice. I’m not a financial advisor or planner. Always do your own research.

How to Make Money Trading Cryptocurrencies

Generally speaking, the simple rule to making profitable trades is  “BUYING LOW AND SELLING HIGH”. But as simple as it is, many people find it difficult to abide to it.

Aside the above rule, the following are some specific tips that will help an average Nigerian make money trading cryptos:

Invest

Under this method, you save or invest your money in bitcoin over a long period of time. The gains are much and it require less amount of time and work.

READ  Cryptocurrency: A New Investment Opportunity?

The most important thing when using this method is that, the price of your bitcoin only increases while the quantity remains thesame.

Nowadays, I strictly don’t recommend you to just save money in bitcoin and hold back entirely. There are some days when bitcoin price will be at its peak, then you just have to sell-off and buy back more bitcoins at a lower price (swing trading).

Swing

Swing trading is a popular form of trading that you do between 2 to 6 days. It occurs at specific point in time when bitcoin price is at it’s peak (most especially all time highs).

When you swing trade, you simply sell majority of your holdings to buy back more bitcoins at a lower price. The benefit of this form of trading is that it increases your portfolio (the amount of bitcoins that you have).

Scalp

This also known as day trading. Although I now do this often when the market is kind of moving sideways, i must confess its time consuming and stressful. However, its worth it, as a make a minimum of ₦28,000 a day, scalping bitcoin.

Scalping is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become profitable. It requires a trader to have a strict exit strategy, because one large loss could eliminate the many small gains that the trader has worked to obtain.

5 Easy Steps to Start Trading Bitcoin on LUNO.

  1. Sign up on LUNO.com using this referral link: https://luno.fl9beu.net/qdJmn
    (We both get free ₦100 worth of bitcoin when you register & buy above ₦5000)
  2. Buy a little bitcoin with your mastercard/bank transfer to learn the basics.
  3. Pick a trading style (Invest, Swing, Scalp).
  4. Get prepared and wait for the right trade.
READ  9 Points You Must Know Before Buying and Selling of Cryptocurrency

5. Have an exit strategy: Holding onto a coin because you’re at loss is like holding onto a bad relationship. You could get all wrecked up.

PS: Incase you’re interested in learning more about cryptocurrency, kindly download the eBook below.

PPS: I also have a special Whatsapp group and some resources to help you start making money trading cryptocurrency. However, it cost a token sum of ₦3,000.

Click here to purchase the eBook and join our Whatsapp group.

Thanks for taking the time to read through my Blog Post. SEE YOU ALL AT THE TOP!

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Comments (39)

  • Ayua Daniel Reply

    Comment: how do i purches a bitcoin and how do i sell it.

    January 2, 2018 at 6:03 am
    • Kehinde LAWAL Reply

      You can sell and purchase from exchange merchant like Naira4dollar.com or exchange platform like LUNO.com

      January 6, 2018 at 8:32 am
      • Emmanuel Reply

        Hi

        March 31, 2020 at 2:10 pm
  • Peeranky Reply

    and i would like to learn more of bitcoin trading and so on… thanks

    January 4, 2018 at 10:12 pm
    • Kehinde LAWAL Reply

      Kindly message me on whatsapp {08101850909} for better explanation and tutorial.

      January 5, 2018 at 8:15 pm
  • Saviour Udofia Reply

    i would like to learn more about bitcoin and other crypto currency trading…..thanks

    June 29, 2018 at 5:51 pm
    • Kehinde LAWAL Reply

      Great, kindly WhatsApp me on 08101850909.

      June 29, 2018 at 11:15 pm
      • Saviour Udofia Reply

        thanks for the response.

        June 30, 2018 at 12:27 am
  • Akanni Olajide R. Reply

    Comment: Kenny, thanks for your good work. God almighty will reward u greatly in return. May I get you right. If someone has Bitcoin Wallet already, is it compulsory that I should have another wallet with Luno.

    July 28, 2018 at 11:52 am
    • Kehinde LAWAL Reply

      Yes, you need to transfer your Bitcoin to your LUNO wallet, so that you can start trading on LUNO.

      July 28, 2018 at 2:04 pm
  • Anonymous Reply

    Hello Kehinde, I already have a luno account and i am trading currently. I want to start trading with leverage. I want to keep it low and trade at between 200-300% leverage. how can i do that at luno?

    August 3, 2018 at 10:42 am
  • Ricky Reply

    How do I start trading if I have funded my luno wallet

    August 22, 2018 at 2:11 am
  • Sinah Reply

    Hi Sir, I would like to learn more on trading bitcoins and on other platforms, so l may teach others in South Africa

    August 28, 2018 at 6:55 pm
  • Chima Reply

    In luno wallet is it possible to buy 0.0056 Bitcoin I bought for N15,000 for N2,330,000?

    September 7, 2018 at 7:50 am
    • Kehinde LAWAL Reply

      Thanks for reaching out. Kindly come again with your question.

      September 7, 2018 at 7:52 am
  • Kehinde LAWAL Reply

    If you’re selling O.0056 Bitcoin at #2,330,000 that’s #13,048.

    September 7, 2018 at 10:07 am
  • Afeez Reply

    i have two kids and i dont have any work and i need money to feed my kids, can i start this busniess with 30,000 , what are the thing i need to do

    October 1, 2018 at 2:25 pm
  • Stanley Reply

    please, I read through your article, its cool. What is your estimation for the minimum percentage profit of trade?

    October 8, 2018 at 11:39 pm
    • Kehinde LAWAL Reply

      Hi Stanley, thanks for taking your time to comment on my Blog.

      The amount of money you can make trading crypto depends on your trading skillset and psychology.

      How good are you in trading and investing?

      October 9, 2018 at 6:48 am
  • Dighenamaro Reply

    I tried to open bitcoin wallet with luno but the link to follow in my email is not responding

    October 18, 2018 at 11:31 pm
    • Kehinde LAWAL Reply

      Alright, kindly check your spam folder.

      October 28, 2018 at 12:04 pm
  • Emmanuel Reply

    Please i need your WhatsApp number.

    October 31, 2018 at 3:10 am
  • Anonymous Reply

    Hello sir, can I use my luno account outside of Nigeria?? Places like Italy, Dubai, USA etc. Please I need your quick response sir

    October 22, 2019 at 7:05 pm
  • Yussuf Reply

    Hi uncle kehunde like how much do i need to start this stuff plsss

    November 17, 2019 at 11:01 pm
  • Alexander Reply

    I really need to learn

    January 1, 2020 at 10:41 pm
  • Juliet Ajabor Reply

    Comment I need a platform to learn better,

    February 13, 2020 at 12:43 pm
    • Saymike Reply

      please need to learn and make money on Bitcoin I need a side hustle, please send me your contact so I can reach you

      March 2, 2020 at 1:31 pm
      • Anonymous Reply

        Comment:I’m going to lecture you very lucrative about this subject and how it works if only you can follow my lead
        DM for more info 09075526930 or +27769887909

        March 19, 2020 at 2:41 am
        • Kehinde LAWAL Reply

          @9jacashflow is not affiliated with Saymike, so be very careful if you decided to message him.

          Don’t give anybody any money to trade for you.

          March 28, 2020 at 6:31 am
  • Anonymous Reply

    Do u also no how to trade on forex

    May 14, 2020 at 10:33 am

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