₦airaland Forum

seanwilliam:
Do you guys realise that it’s very easy to make 500$ than 500k in Nigeria.

Bea1234:
Gurus in the house, pls apart from binance, which platform can I buy coin easily. I have around 200k I'd like to dump into crypto cos I've been getting temptations to play bet9ja with it.

I don't care if it moon or not. I searched for some apps on playstore and I'm seeing yellow card, bybit and some other apps..?

Pls treat as urgent

lrman:
Why not just simply buy bitcoin and stay patient with it

LandMann:
The real problem is that dollar is not accessible or easily available through the official channel at that official rate.

The government is heavily involved in manipulating the dollar price by creating several insurmountable conditions before the ordinary person can access it for their needs.

The root cause of the problem is that Nigeria is not a productive nation by all reasonable standards. The things we love to consume most are not produced in the country, we need dollar to by the foreign goods, and we don't have enough of the dollar because we don't produce the dollar and we don't earn enough dollars compared to the demand of our burgeoning population.

Even when govt tries to curtail our appetite for foreign goods by settings conditions that make dollar unavailable or largely unaccessible to ordinary citizens who, so as to keep the naira from depreciating, the strong headed citizens look for all channels and means to get a hold of the dollar to use as they see fit

This is what creates the parallel market where you see the rate is starkly different from official rate. The parallel market rate is the true rate if the government removes all stumbling blocks preventing access to dollars.

If the government does that, the economy will collapse quickly cos price of everything that depends on what is bought or brought in from abroad through dollar currency will skyrocket.

Even government will not be able to carry out some projects because those projects will become increasingly more expensive due to depreciating currency.

In my opinion, a depreciating currency is what we need to reset our brains in Nigeria. Government should maintain the official rate and use dollar proceeds to quickly fix our production capacity and education (fix refineries, fix electricity and fix schools and healthcare to world-class standard). This will make made in Nigeria goods and services cheap.

Those who want to continue accessing dollar through black or parallel market so they can satisfy their appetite for iPhones and cars produced outside their country, and gambling on digital tokens in the name of cryptocurrency trading or investment, should be left alone to keep paying high price for dollar in the parallel market. The increasing price of dollars will reset their brains.

Fastt:
Understand your point. The point is a lot of Nigerians are hoarding USDT. Due to sharp decrease in naira, most are holding their reserve in USDT. Thinking USDT is USD. Not same at all. Every crook and harry I know now wants USDT. That speaks a lot.

To avoid hyperinflation in any currency buy BTC especially if you are used to the security layer. Play with Shitcoins for profit. Demand and supply. A lot of demand for usdt. And since it's tied to a dollar, we tend to forget its not regulated hence it can be easily manipulated by the big forces outside of Nigeria. They are just being minted every now and then. I use my local currency to buy BTC direct. I take profit from shitcoins I trade it into BTC to avoid stories that touch.

sedIoyol:
I have 5000 xrp waiting till it hit $1 per xrp

Acube23:
Considering this as anything obtainable out there? Then you must be making a mistake...

Download Ice Network Now!

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Get coins with ref code: alarby01.
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Enjoy the present HIGH mining rate!

Plus, a cool package much around the corner for very active participants... after this week' KYC before end of the year. And more...

SpecialAdviser:
Let me ask? They use to tell me that coals are use to tar roads. That's why we call a popular name "corotar" meaning "coal tar".

If true, can Enugu state make use of this with chippings from Ebonyi state to fix our streets? It will be cheaper and we will get most streets fixed.

captainbangz:
Hi everyone, I have little above a million naira in savings.
Considering how naira keeps depreciating against the dollar, I am hoping to convert it to dollars and save(not trade).
I want to know if buying USDT on Binance (at least it's trust worthy) translates to saving in dollars, because I learnt it has same value as the US dollars.
And I don't want to use any of this Nigerian fintech app, to avoid stories tomorrow.
I am not used to crypto trading and don't want to get involved in it,

Dpen11:
And on Sunday most of this gunman will still go church with their wife and children,even sit in front sit.

Ekehwinz:
Npower don dey run people street, my failed October stipend turn turn successful without any money in my account. Na so dem do my guys wey get failed payment as well.

Lol

PeterObi4Presid:
Hi guys
I need 2 dollar ETH transfered to my Trust wallet address for transaction fee

i will like to send the cash if theres a credible seller pls.......i will really appreciate this

degenuine1:
I did on 9th.. Still empty.

degenuine1:
Date?

degenuine1:
Pls if u validated by July and you have been paid or your payroll is showing pending, indicate. Mine was early July.

iLegendd:
$Cyber liquidating my shorts back to back. I still won't give up. Using them to catch cruise to see how far they could pump. Though, my long positions are in profit.

LikeAking:
That Robnecter guy is a scammer.

He is @deflover, but he is using a different moniker. He @Robnecter scammed someone here of $100usd.

He is a big theif….

Eastornprince:
Haaaa!


Another scam!!!!

Jantuuu:
I checked Gotok on playstore I could not find it

Where can I download it and can u show a screenshot of the Gotok app