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Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days - Investment (16) - Nairaland

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Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Beverages: 7:56pm On Nov 11, 2022
GREATIGBOMAN:
I need ur input.


Money way I wan use start house project


I bought that USDT Because I didn't want my money to be loosing value in the bank


Now all of a sudden immediately I got usdt some people are now telling me I should have gotten BUSD


Why on earth did Naira appreciate


As if they were timing me

You can easily convert the USDT To BUSD with no fee/charges by the way.

So it's literally the same
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by alamscolo(m): 7:59pm On Nov 11, 2022
GREATIGBOMAN:


Why do u think it will go to N600


Throughout this year it has been depreciating non stop


Na for December way e suppose increase e come the reduce.... nawaoo


Op, trading crypto is not a get rich quick scheme, you need to have proper knowledge before diving into its ocean, manipulation in the market is more than your comprehension, naira is still likely to depreciate further but the question is when, we all have our losses but some of us have mastered the art of controlling our emotions, all is based on your sense of judgement and your knowledge, decision making is very key.

If I were you now, naira might be loosing value but my asset would've been increasing. When naira goes back up I'll be in profit x2.

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by alyarmouk(m): 8:01pm On Nov 11, 2022
That's the spirit
xevove2061:


The ghy na fear fear, very naive person. I was about to swap 35k worth of monero when the dip happened. Im in loss of 7k now, instead of me to lose that much let me kuku lose everything. That much musg appreciate!
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by rottennaija(m): 8:02pm On Nov 11, 2022
alphabbey1:

Some people and trash, 5&6, imagine putting Nigeria and BRICS in same sentence...

You can have low self worth all you want, but don't pull Nigeria down with your low self esteem. Nigeria is a great country, it has the natural resources, the teaming population most of which are youth, most exceptionally brilliant, it has the fertile land, it has almost everything it wants.

1 Like

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by alamscolo(m): 8:03pm On Nov 11, 2022
cmoney22222:
Dollar 688 now.. omg. Na wa ooo

Same dollar was 720 some minutes ago.......

Don't let your emotions hold the better part of your, that's why it is called a volatile market. Wetin I Sabi sef
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by cmoney22222: 8:05pm On Nov 11, 2022
Me I don make my loss back. No time…

alamscolo:


Same dollar was 720 some minutes ago.......

Don't let your emotions hold the better part of your, that's why it is called a volatile market. Wetin I Sabi sef
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by obstead200(m): 8:06pm On Nov 11, 2022
GREATIGBOMAN:


It's really painful... Especially if u do legit business and know how much sweat u put in before making a single penny.


My eyes now almost having issues due to me always on my system doing gigs for people.


I've been down ever since.




Baddest month of my life.
u better sell now.

By god's grace, when we devalue at the official market immediately after elections, dollar will get to 600. U will cry more
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by cmoney22222: 8:07pm On Nov 11, 2022
He will not cry. $ na just money . Nothing else grin
obstead200:
u better sell now.

By god's grace, when we devalue at the official market immediately after elections, dollar will get to 600. U will cry more
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by omolawale: 8:12pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions


Try not to trade with impulses and learn technicals before you dive in with such huge money.
You can still wait for the #800 to #850 range to sell.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by InvertedHammer: 8:32pm On Nov 11, 2022
/
Most people that get into the market (stocks, commodities, cryptos, forex) do not have long term goals. Someone who has been profitable in the market for less than 2 years will blow his/her ego believing that they got it figured out. 10 years plan? 20 years plan? They don't have. They live in the moment and live like rockstars. All it takes is one heavy and bad fundamental news to wipe them out. Heck! Some with less than 10 years experience claim to be experts too. grin

Usually I know how it will end. In one swoop, they get margin-called and disappear. The sad thing about the market is that the profit it took 5 years to build could be demolished in 1 week. It is akin to taking the staircase to climb a 10-storey building vs jumping off a window on the way down. One is way faster than the other. Never get carried away by short-term profitability.

If you really want a guaranteed way to destroy (aka blow up) your account, visit trading forum and start following their analysis.

/

2 Likes

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Powersurge: 8:50pm On Nov 11, 2022
GREATIGBOMAN:
I need ur input.


Money way I wan use start house project


I bought that USDT Because I didn't want my money to be loosing value in the bank


Now all of a sudden immediately I got usdt some people are now telling me I should have gotten BUSD


Why on earth did Naira appreciate


As if they were timing me

Don't stress yourself. APC is trying to safe face because of election. The artificial Naira appreciation is just for a while.

Naira appreciated without productivity. You should have known that CBN is just trying to artificially support the currency
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by SavageResponse(m): 8:50pm On Nov 11, 2022
Otilaw:
You better sell it now or stand the chance to regret for the rest of your life.

I've a cousin who invested $20,000 USD on crypto and lost about $19,500 USD because he refused to hear my advise and that of others. i can take you to him if you're in Lagos, his shop is at computer village, you can ask him to confirmed.

And if you sell it now, your lost will be minimal as compare to what might befall you tomorrow.

Oga na lie you day talk!

The only way a person will get a loss of over 97.5% is if he bought shit coins and it's not very likely that a newbie will dump that all his first investment in just shitcoins!
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by prophetic69(m): 9:00pm On Nov 11, 2022
xevove2061:


Which chart you dey analyze for usdt? You dont know anything. Lol
ok sir... please explain the chart below

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by bobkezel(m): 9:08pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions

You no sabi naira trick for ember season but u dey answer great Igbo man, you no be Igbo talkless of great...
I invested only only 1 mil for one product like dat based on ember things...
I made 1.1mil just in 2 days...
19k usd, na wa for u oo.
Money don miss road.
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by noblemuk: 9:11pm On Nov 11, 2022
You should retain your usdt and do strategy (bot) trading using bitcoin on Bianance for 2months, you should be able to get back your lost funds. Also, the market price for bitcoin just fell, it will rise again within that period and you will have gained back your money. Afterwards, i suggest you pull out your resources if you are not a risk taker. else learn the market using no more than $2000. Put in more resources when you master the market.

GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Mftivi: 9:17pm On Nov 11, 2022
seanwilliam:
the same thing you will say if dollar gets to 1500/1$

ok
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Mrbllymer: 9:26pm On Nov 11, 2022
GREATIGBOMAN:


It's really painful... Especially if u do legit business and know how much sweat u put in before making a single penny.


My eyes now almost having issues due to me always on my system doing gigs for people.


I've been down ever since.




Baddest month of my life.
I don’t think you know much about crypto before investing , my advice don’t trade anything either short or long or follow those advice except you are very knowledgeable about it. If you can wait for months not 2, 3 it could be much more than that , I’d advice you trade it for ETH and leave in your wallet till it rises please note, your greediness will determine how much you gonna make or lose. Always monitor market to know when you can swap cos of inflation and news that will cripple the market and swap back when the market picks
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Iscoflexxman: 9:30pm On Nov 11, 2022
FireUpNow:

That's good to hear. I discovered that the one I invested in was a new crypto in the crypto space and of the coins price has disappointed from trust wallet , even their telegram has disappeared too

Chai, you didn't do your research well bro...

I stopped investing long time ago, I buy and sell, wouldn't mind making just 10 to 20 dollars profit..
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Boyjaco: 9:33pm On Nov 11, 2022
Bro just leave the money there like b4 January dollar go hit 1k you go cash out
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Nobleou(m): 9:36pm On Nov 11, 2022
Crypto the pay... na format e be... If u gimme just $1000, I swear in two months ur money is ready.

I for like show you something but I'm not sure we do be close
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by FireUpNow(m): 9:49pm On Nov 11, 2022
Iscoflexxman:


Chai, you didn't do your research well bro...

I stopped investing long time ago, I buy and sell, wouldn't mind making just 10 to 20 dollars profit..




I swear I did no research at all and I was still new in it. I did the airdrop so from the coins I was given, I saw the price in my wallet rising so I had to invest in it, lol and behold they disappeared and ever since then I have learnt a very bitter and hard lesson
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Loverboi2cute(m): 10:02pm On Nov 11, 2022
dapaiks:
Op you mistake is that you only rush into buying Crypto when it is high, which is the mistake with most folks, in crypto whenever there is a missive pump it is been follow by a dump.
so buy crypto only when everywhere is bleeding and stop buying the top


hmmm...wisest quote of d century

I don't pray to forget it in a million years to come
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Loverboi2cute(m): 10:08pm On Nov 11, 2022
Drunkard1:
u no lose money. U are still holding dollar. And for a millionaire to be insultive tells more about u.. Now na u ogun dey strike. Simple i cant help. I move on. U start dey insult. Na ur money i no force u. And i doubt u have upto 19kusd cos person wey get money no dey cry for bad investment. Go and settle with ogun. Cos if naira enter back 150. Na die u dey.


d guy is obviously greedy

1 Like 1 Share

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Welcomme: 10:33pm On Nov 11, 2022
Niorte:
Hello,

Your headline is misleading. You didn't lose money to crypto, you lost money because you were trying to do the Bureau D'Change system where you buy low and sell high. Were you expecting the Naira to keep falling?

I also was in your shoes, I bought some usdt at the rate of 863 per usdt and by the time I wanted to withdraw, it was already down to 850.

Guess what I did? I transfer the fund to my future account, made a trade with 10% of my portfolio with a tight stop loss. As soon as I got 35% profit, I just close the trade. The profit make up for the loss due to Naira strengthening against the dollar.

See ehn, Crypto can make you rich overnight. It can also send you to the village in few hours.

The problem many people have is that they want to make money fast fast, I belong to a topsecret signal room where premium signals are being dropped. Even after telling people to use not more than 10X leverage, some will still use 50x and 75x, they say they want the profit to choke!

But they failed to manage their risk, such people make $100 in the morning and loss $500 in the evening due to lack of discipline.

One mistake people make again is that they don't listen to news or belong to a community where economic news is shared.

For the past few days, crypto trading was affected by fundamental analysis and not technical analysis. If you are trading based on technical analysis in the last few days, you surely would have lost but if you have your ears to the ground

Listen to FOMC press release such as US inflation and CPI report, then you would have made crazy. The fight between CZ(Binance) and SAM(FTX) also contributed negatively to the bear will experience.

Sorry, I'm writing out of point.


If you want to trade profitably, then contact me....I do not promise heaven on earth but be sure you will get quality signals. All you will have to do is to know how to enter a trade, set stop loss, lock profit and close a trade and you will see your portfolio growing.

You win, you lose but your winning rate should be high enough....thats the way trading works
How do I contact you, sir? Your number or email.. Really need to know some important things...Thank you, bro..
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by rollywise(m): 10:35pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions








Bros I no understand you o. Dollar is just a means of exchange. Dollar is not crypto. Before you buy any crypto, ask which is best to buy, then download the Binance app and study that very coin. If you ask questions about it or even Google about that coin you'll know where it was last year, last month or even last week. This will help you know if it's on a high or low. If it's high don't buy, wait fit it to fall very low. If it's low then you can buy with at least half your dollar amount, if it falls again you buy. If it rises and doesn't fall then you get profit on the half of your total sum you put in. Do this and you'll not have any regrets. For now I would have advice you to buy Doge coin but it's on a high now so I suggest you go for Bitcoin. It will definitely rise
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by platz(m): 10:35pm On Nov 11, 2022
GREATIGBOMAN:


Thanks for the encouragement

In as much as what he said is what you want to hear
I'd say you DYOR well next time
Following some series of events recently, Some OGs saw the market turning out this way.
Many will tell you to hold or to sell of without giving you reason why you should do either of the above

I can only tell you check the cause of rate crash and see if there's any possible means of recovery and how long it will take.
Also for some oblivious reasons it's highly not advisable to hold coins on centralised exchange.


08146299046
I buy and sell all digital assets
Add me as a contact on WhatsApp. https:///qr/7UW6AR4HAKYZF1
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Gbagbuo247: 10:41pm On Nov 11, 2022
Cooleeey:
don't rush to sell

Wait till after election

What different will it make ?
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by adspelite(m): 10:42pm On Nov 11, 2022
Invest that USDt you bought and by November ending you'll thank God you didn't sell it off.
Your problem is doing the right thing at the wrong time.
Don't know what to do? ASK and make no mistakes again
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by olushowunm(m): 10:52pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions
My 10 kobo...Naira is not falling anywhere. by January it will be trading at 450 to 470 range. Regards.

2 Likes

Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by GentleChief: 11:29pm On Nov 11, 2022
GREATIGBOMAN:
I need ur input.


Money way I wan use start house project


I bought that USDT Because I didn't want my money to be loosing value in the bank


Now all of a sudden immediately I got usdt some people are now telling me I should have gotten BUSD


Why on earth did Naira appreciate


As if they were timing me

Oga dont be foolish. I have to be harsh.

Wait till after election... They will rig it and there will be violence. This is my prediction.

Naira will collapse further. Coins will appreciate more soon next year because of Ukraine war.

If you sell, you loose out a lot. Don't sell please!
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by Abdulkadir999(m): 11:33pm On Nov 11, 2022
Okrabs:
Greetings bro. Learn crypto arbitrage. You never lose because you are trading with the price difference between currencies and crypto coins. Your capital remains in tact. You can make between 0.5%-1% of your money daily, and you trade only on Binance!

How please?
Re: Crypto Is Not Just For Me, Massive Loss (millions Gone Under 2 Days by dagbokoncept(m): 11:35pm On Nov 11, 2022
GREATIGBOMAN:
So due to how Naira misbehaving.

I went and withdrew 70% of my savings from the bank and bought $19,000 worth of USDT at N863 per dollar on binance p2p

Guess what.


I just check and they're currently selling usdt there at 722 naira.



My hard earned money just lost like that


I just deleted the app... If they like let them make it drop to N400


Crypto have really delt with me



Last year it was one merchant token that ripped me off $2000
Then Shiba Inu ripped me $1200


Anytime I do anything crypto related I lose money


Will anyone advice me to sell my USDT now at 722 and accept my loss or wait untill December if Naira will lose value further to say N900 to a dollar


Will dollar be scarce in December?


Honest opinions

What you need is a mentor. It's obvious you do not have in-depth knowledge of how crypto works.

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