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Buy The Dip On Naira Now!! (1800/$ Approaching).. - Business - Nairaland

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Buy The Dip On Naira Now!! (1800/$ Approaching).. by TrennixGLOBAL: 3:26am On Mar 03
If you have some spare funds not useful now you can use, just buy the Dip on dollar now and relax.


Save this post & come back in few Months..

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Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by HeatSeeker(m): 4:14am On Mar 03
TrennixGLOBAL:
If you have some spare funds not useful now you can use, just buy the Dip on dollar now and relax.


Save this post & come back in few Months..

This is very tempting...

I have actually considered it 🤔. I hurriedly sold off my usdt when I heard that the government was going after Binance. Now, I don't know if I should have just waited.
Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by Resurgent2016: 6:08am On Mar 03
what can save the naira is for the CBN to keep selling to BDC as it did early this week. Even better when they sell below market price as done.

I suspect the CBN will not keep selling, so I also expect some form of depreciation in the coming weeks as the CBN governor seems bent on the free float experiment.

Every other thing is just chasing shadows.
Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by TrennixGLOBAL: 7:06am On Mar 03
HeatSeeker:


This is very tempting...

I have actually considered it 🤔. I hurriedly sold off my usdt when I heard that the government was going after Binance. Now, I don't know if I should have just waited.

Bro what you are seeing is just the government killing the leaves of a problem leaving the stem and the root of it so what do you think would happen again?

People are just selling off due to extreme fear and this would just be temporary.

I will explain more things later.
Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by TrennixGLOBAL: 7:13am On Mar 03
Resurgent2016:
what can save the naira is for the CBN to keep selling to BDC as it did early this week. Even better when they sell below market price as done.

I suspect the CBN will not keep selling, so I also expect some form of depreciation in the coming weeks as the CBN governor seems bent on the free float experiment.

Every other thing is just chasing shadows.



Like you said, can the CBN keep selling to them every week?

One secret i would tell you is; Those dollars been released to the BDCs are not for the common man or for you but for some few selected people and soon those dollars would be mopped up and the BDCs would start seeking dollar funds again.

Even the banks are supposed to have dollars readily available for people who really need it but they also lack it and the ones they have now will also be mopped up then we are back to the root of the problem.

I Laugh just seeing the government going round in Circles and worst still, even doing it on purpose to temporarily please Nigerians.


S.M.H.
Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by TrennixGLOBAL: 2:17pm On Mar 03
Happy Sunday all.
Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by TrennixGLOBAL: 3:15pm On Mar 05
TrennixGLOBAL:
If you have some spare funds not useful now you can use, just buy the Dip on dollar now and relax.


Save this post & come back in few Months..


IT'S ALREADY HAPPENING...


https://www.nairaland.com/8020323/naira-depreciates-n1620-parallel-market

Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by webbxxpert: 4:35pm On Mar 05
Buy high, Sell low grin
Re: Buy The Dip On Naira Now!! (1800/$ Approaching).. by TrennixGLOBAL: 4:50pm On Mar 05
webbxxpert:
Buy high, Sell low grin

Lol.

More like the opposite

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