How Nigerians can Make ₦5000 Naira Daily Trading Bitcoin on LUNO
December 11, 2017 2023-02-10 4:06How Nigerians can Make ₦5000 Naira Daily Trading Bitcoin on LUNO
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 newcomers 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 requires less amount of time and work.
The most important thing when using this method is that the price of your bitcoin-only increases while the quantity remains the same.
Nowadays, I strictly don’t recommend you to just save money in bitcoin and hold back entirely. There are some days when the 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 a specific point in time when the bitcoin price is at its peak (most especially all-time highs).
When you swing trade, you simply sell the 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 number of bitcoins that you have).
Scalp
This is 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, it’s 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.
- 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) - Buy a little bitcoin with your MasterCard/bank transfer to learn the basics.
- Pick a trading style (Invest, Swing, Scalp).
- Get prepared and wait for the right trade.
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.
Comments (39)
Ayua Daniel
Comment: how do i purches a bitcoin and how do i sell it.
Kehinde LAWAL
You can sell and purchase from exchange merchant like Naira4dollar.com or exchange platform like LUNO.com
Emmanuel
Hi
Peeranky
and i would like to learn more of bitcoin trading and so on… thanks
Kehinde LAWAL
Kindly message me on whatsapp {08101850909} for better explanation and tutorial.
Anonymous
Comment: Sir, Pls drop your facebook username or u add me up (peeranky francis). cuz i dnt have access to whatsapp yet. thanks u
Kehinde LAWAL
https://www.facebook.com/lalkay
Saviour Udofia
i would like to learn more about bitcoin and other crypto currency trading…..thanks
Kehinde LAWAL
Great, kindly WhatsApp me on 08101850909.
Saviour Udofia
thanks for the response.
Akanni Olajide R.
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.
Kehinde LAWAL
Yes, you need to transfer your Bitcoin to your LUNO wallet, so that you can start trading on LUNO.
Anonymous
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?
Ricky
How do I start trading if I have funded my luno wallet
Kehinde LAWAL
By learning how to trade successfully. Check this link out to learn how to trade and invest in crypto: https://9jacashflow.com/learn-the-abc-of-making-money-from-bitcoin-and-cryptocurrency/
Sinah
Hi Sir, I would like to learn more on trading bitcoins and on other platforms, so l may teach others in South Africa
Kehinde LAWAL
Thanks for reaching out to us. Kindly check this link for more information on learning how to trade:. https://9jacashflow.com/learn-the-abc-of-making-money-from-bitcoin-and-cryptocurrency/
Chima
In luno wallet is it possible to buy 0.0056 Bitcoin I bought for N15,000 for N2,330,000?
Kehinde LAWAL
Thanks for reaching out. Kindly come again with your question.
Kehinde LAWAL
If you’re selling O.0056 Bitcoin at #2,330,000 that’s #13,048.
Afeez
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
Afeez
business
Kehinde LAWAL
Hi Mr. Afeez, Thanks for taking your time to comment on our platform. The best advice I will give you is to master the skillset and have the right psychology in trading. If you can do this, you will make money in the long run.
To learn more, kindly find our course on trading cryptocurrency here: https://9jacashflow.com/learn-the-abc-of-making-money-from-bitcoin-and-cryptocurrency/
Stanley
please, I read through your article, its cool. What is your estimation for the minimum percentage profit of trade?
Kehinde LAWAL
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?
Dighenamaro
I tried to open bitcoin wallet with luno but the link to follow in my email is not responding
Kehinde LAWAL
Alright, kindly check your spam folder.
Emmanuel
Please i need your WhatsApp number.
Kehinde LAWAL
08108246834
Anonymous
Hello sir, can I use my luno account outside of Nigeria?? Places like Italy, Dubai, USA etc. Please I need your quick response sir
Kehinde LAWAL
Yes, you can.
Yussuf
Hi uncle kehunde like how much do i need to start this stuff plsss
Kehinde Lawal
You can start with as little as #100,000 Kindly message on Whatsapp for further training 0810 1085 0909.
Or visit our academy to take the free crypto course: https://9jacashflow.teachable.com/p/introduction-to-bitcoin-and-cryptocurrency-trading
Alexander
I really need to learn
Juliet Ajabor
Comment I need a platform to learn better,
Saymike
please need to learn and make money on Bitcoin I need a side hustle, please send me your contact so I can reach you
Anonymous
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
Kehinde LAWAL
@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.
Anonymous
Do u also no how to trade on forex