₦airaland Forum

leokid866:
Okay. but please remember this when the bubble begins to pop....

There is no financial market that does not experience bubbles from time to time. The stock market has crashed numerous times. The US Housing market has crashed. The US dollar has been on the decline for almost 10 years now. Prices of commodities crash. Even the Naira which you re defending is a bubble right now. Bubbles and crashes are part of financial investing.

martineverest:
learn to update urself about what's going on in the world...there is a reason why USA haven't approved Facebook's libra cryptocurrency.many western governments are banning or going to ban cryptocurrency

Yet BNY Mellon, Deutshe Bank have started accepting cryptos for clients. Morgan Stanley invested $420m in Microsrategy. Paypal, Mastercard and Visa are xoing on board. Do you think you are closer to tge US govt than these institutions? Do yiu tbink tou can preempt the movea of govt better than these institutions? Canada just approved its first bitcoin ETF. Dont be a dinosaur

truthfulparrot:
Cryptocurrency started as a good idea until Casino speculators and Ponzi manipulators started taking advantage of the fact that the scheme is largely unregulated to cash out big time.

Cryptocurrency is now the beautiful bride of money launderers and drug racketeers. Proceeds of criminal and illegal activities running into billions of dollars are passing through the cryptocurrency schems without being detected.

International business entities and billionaires started embracing cryptocurrency in other to envade tax. Developed countries like US, Britain and China had no choice than to join the bandwagon to the detriment of the economy of poor countries. But I am sure that these countries will soon ban cryptocurrency. THE CRASH OF CRYPTOCURRENCY IS IMMINENT.

The fact is Cryptocurrency is international version of MMM. It is highly erratic and unpredictable.
Cryptocurrency will cause great damage to emerging economies like India and Nigeria.
No doubt, cryptocurrency is the currency of the future only if a new world order can be achieved.

You just wrote an epistle of nonsense. We all crave change but fail to recognize it when it comes

SmartPolician:
There's nothing else apart of lack of government control and its use to finance the dark web. With cryptos, there's nothing like KYI!

dollar is the number one currency for illicit trades globally. $100 bill is very difficult to trace because the Fed keeps printing paper money. On the other hand, all BTC transactions can be traced. please try and study so you dont make baseless assumptions.

calcal:
In what form the government will lose money?
The stock market is over 100 years it never any a threat to any government, now why crypto? Stock market and crypto are practically samething.

Leave all this people that just copy and paste opinions without researching. If you ask him, he can't differentiate between a wallet and exchange sef

Springboot:
China is not poor, Canada is not poor. Bitcoin is not legal there.

Canada just approved its first bitcoin ETF which means investors can invested in pooled assets that would invest in bitcoin. Where so u preople read your news from sef?

this is not pfficial as they are considering it. What type of fake news is this?

skydiver01:
Do not confuse a financial institution choosing the safe option of earning fees by being a custodian of crypto currencies while the party is on with meaning they will not be banned in future by all central banks. When they become banned, the likes of BNY Mellon, Paypal & Mastercard will loose nothing. Holders of crypto currencies will be the losers (big time). Be warned.

You need to take the blinkers off. SEC (US not Nigeria) has already hinted on a bitcoin ETF to be launched this year. US govt is even requiring people to decalre their crypro assets in their IRS forms. Meaning they want to tax capital gains from crypto trading. You think US is Nigeria that ban things without thinking it through.

abeg na TB thread be this, we can continue the xinversation on the appropriate thread

Lazyyouth4u:
Investors are seeing how shitty and inefficient the NSE is and would rather just park their money in Tbills and sleep well at night.

Plus the auctions are driven by bids. More people possibly bidding higher at the target levels required by DMO as auctions no longer as oversubscribed as they used to be?

As soon as all man troop back in and auctions get oversubscribed, expect yields to drop again.

As we slowly approach another election year dont yiu think rates woukd keep rising? Especially given the appalling performnace if the NSE during election years

ahiboilandgas:
investors do ....they have been taking a hits on the NSE ...after making a kill last year ....any movement in tb is a danger to NSE .....its the rocket fuel powering the NSE not some Sterling performance by Poorly manage Nigeria companies

Sterling performance by poorly managed companies

Bouz:
Tinubu still has lagos, Hausa's really out smarted the guy. walaihi. same way awolowo was used by the northerners

They would never learn. Their problem is Igbos

Toyota Motor Corp just announced that it will launch two new electric vehicles that will go on sale next year in the United States. The company is also in partnership with Aurora to build autonomous vehicles with Uber. You may wanna watch this stock

Mills55:
please anyone with update about today's treasury bills auction rate? Learnt rate is going up.

Heard so too. Probably thats why NSE is seeing red

Hamachi:
Do you know the technical know how involved in reading chats and giving a pin point accurate but alert?

It's not as easy as you say it, Wall Street have people paid for just staring at computer, reading chats & analysis the candles. I don't see that as having a half brain that is a specialized skill with a degree attached

All these things are available and (would be exposed to you) if you take the TIME to STUDY and READ. Nobody came with technical analysis from his/her mothers womb. They applied themselves to learn the process.

Wall street has many retired army captains, ex-football players, people who hate maths or studied in unrelated discplines such as sociology become portfolio managers and analysts.

Mentorship is good, but even your mentor would be frustrated with you if you do not show initiative and growth. But what most people want is to be spoon fed with stock picks. How long can you go betting with someone's ideas? Even Jim Cramer has made many bad calls. Thats why when people post here they always tell you to conduct DD.

Sharing of ideas like we do here (or on telegram groups) is good, but you can only improve based on the quality of ideas being exchanged. Quality can only grow based on the depth of knowledge. A knowledge's depth is a function of experince and teserach.

Warren Buffet and Charlie Munger learnt from Benjamin Graham, but im pretty sure they did not wait for him to spoonfeed them. They even perfected his strategies sef.

Hamachi:
They have given testimony of 600% or more returns and even more, there is a channel for their testimony. You can join us today.

Anybody with half a brain can do that in this bull market.

Oyindamolah:
On what, where and how to make over 100% on stocks I guess with an EXCLUSIVE watchlist.

Info that is available to the discwrning eye that choose to look. Next time you guys should ask to see their portfolio returns or you set a performance target for them.

Sailor1:
Bitc0in comfortably sits at 47k and someone was asking how people make money from crypt0... lol


Funny how same folks will swear by the NSE which is downright the worst performing market I've seen in a long time. Looking at the NSE all share index for the past 10 years, its been a m*ss. Chart it against the dollar and it'd be a highway to the ground. I can confidently say that upto 90% of folks who invested there (traders or not) over the last 10years lost money in real terms. This is not guesswork. You're better off buying gold than trading that thing. At least gold is almost guaranteed to hedge against inflation of the dollar.
That said, I wish they traded futures. I would be in a perpetual short position perhaps with some good leverage too.

The funny thing is that the current rally has obvious bearish technicals which have started playing out. Its the young people investing their sweat into it I pity. Even those who just held the dollar for the last 10years are on a better footing.

Regarding what I trade,
After a full month of proper, healthy consolidation with huge volume, Bitc0in has continued it's rally. I expect bitc0in to get to 55000-60000 USD in the coming weeks,
Eith (the next largest coin) should go from 1700 to 2400-3000 in the coming weeks also
I don't even want to say what irrelevant coins will do in that time.

When these playout, remember to ask me how people in crypt0 make money

NSE was ranked the best performing stock market last year. I dont invest in NSE. I find the make not efficient enough.

However there are people that have mastered the mkt and have been making money.

Just because you dont know something exists, doesn't mean it does not exist.

This argument about which market or asset is best for investment is not a yes and no question. Provided everybody makes money in his chosen investment vehicle, what's the fuss?

Oyindamolah:
Mentorship fee that's is 25k a month with no option to withdraw, what type of mentorship is that? Bk is even on TROVE community on Telegram.

Lol. Mentorship on what exactly?

This govt is very daft

goody2019:
Fraudsters are increasing on daily basis. They are scamming fellow Nigerians everywhere. And they are not traceable. Why? Its this virtual nonsense. The Government is no longer in control of the economy, safety and security. If you were in charge?

Politicians that have been scamming you what has CBN done? Nigerians like you deserve Buhari

goody2019:
The youth should engage in productive businesses instead of looking for soft spots like earthworms - just press phones and laptops to make millions.

In yhe US, the services industry makes more money than production. Must everybody do hard labour in this tech age? Besides what productive business? The one that is expensive to start or the one that one govt policy would kill off?

2mch:
He’s 61. He retired at 51 and they just completed this house not too long ago. The man is useless. He wants to steal that woman’s hard work. Even the furnishing of the house, the woman is still paying for that in the US. Yes some women lie, but this woman is saying the truth. They called police for the woman and the police ended up chasing the side chick and man out as she had proof. There are many useless men out there bro. More painful when a man is a fool in old age. This side chick is married and dumped her own kids to pursue this man thinking he has money. Who is he that she won’t dump when she convinces him to sell the house? Even the car he’s driving the wife bought.
This baba will die in shame and disgrace at this rate if he does not retrace his footsteps. After 45 you suppose don gather sense and leave side chick matter. For him his children are his future yet trying to steal from them. When he has squandered their inheritance on pussy he will now be blackmailing them.

Have you heard the man's side of the story?

Tobex4realTobex234:
That's why i put Oga Emma and Warren in the same boat. Being in the game for long doesn't mean they are infallible.

Warren missed out on Amazon and Google because he no wan gree understand tech.

Instead he go dey buy energy company when people dey navigate to renewables

einsteine:
A lot of money in this world is also made via asset speculation. You don't have to provide solutions or render services or manufacture goods to make money. A fair percentage of billionaires on the Forbes List made their money via asset speculation.

Let him check how Bill Ackman made $2.6bn from the stock market last year. Even financial products like options and derivatives are based on speculation.

TotoNaRubber:
Remittances doesn't go to the FG when crypto is sent by anyone, exchange sites uses their channels to pay account holders in Naira, FG benefits nothing from it so it's one of the reasons of stopping it.


FG didn't ban crypto, it banned the use of Naira to buy crypto which is the right thing.
Nigerian economy is down, why pull it down more.

The economy has been down since 2015. The naira has lost over 300% of its value since 2015 Is it BTC that caused it? When money is remmitted, is it not spent in Nigeria. So if FG makes money from BTC transactions, the naira would be great again. You are making a lot of sense. I no fit laugh abeg

mrfreestuff:
US is not Nigeria and they don't change their local currency to USD and when their merchants recieve the funds to buy Bitcoins, they don't ship the funds in millions of USD to a foreign country first for a certain period before repatriating it back to the USA.

The average American does not pick up the social cost of the crypto business by paying more to buy USD and even imported goods and services inside their own country.

But for the wisdom and vigilance of CBN, we would have devalued naira again twice or more this year as the demand for USD to buy Bitcoin kept surging with the pressure on the naira to mop up the hard earned and dwindling USD inflows into the country.

Its obvious you don't know how BTC works. So if i want to buy BTC, i would first buy dollars then change to BTC? When there is binance? That BTC is pegged to the dollar does not mean you change to dollars. Even if i want to tow the line of argument, what about remmittances from BTC? Naira that has devalued over 300% from 2015, na BTC cause am?

SaintLucia:
Any institution that doesn't have a REGULATORY BODY is a fraud. Kudos to CBN. Many clowns commenting on social media doesn't even have idea how it works. Their only hatred is Buhari, but their ignorance didn't remind them that the CBN is an independent institution that has his own governor.

Sorry go and read your WAEC past questions and CBN act of 2007. We are not talking of Wall Street and Master card here.

They are telling you latest developments in the finance world, you are quoting secondary school textbook. Arm chair theorist

yazga:
1. You'll need to prove that you read the entire book by writing a 2,000 words summary of the book.
2. Show proof of your level of knowledge pre and post reading the book using objective measures.
3. Write and publish an alternate book that will have the impact you desired but failed to get from the present book of the month...

If you satisfy all the above conditions, I'll do a cross deal of 1000 units of nestle Nigeria to you

Ogaa o. If you underwrite any company for IPO, dem no go make am

cooooooks:
What do the statements of Warren Buffett & co have to do with CBN re-banning crypto?

Is Warren Buffett or are the central bank governors of all those other countries our CBN governor?

As for Canada, he lied. There are no restrictions on coin trading. You can buy BTC and ETH on investment apps.

Just another confused policy that someone thought of in their dream.

My thoughts exactly. So Warren Buffett is the source of our policies? Yet Morgan Stanley and co are investing in crypto. They didnt see thay one ro emulate. What a country.

Mynd44:
Toll gates everywhere in the world are there to generate money for infrastructure and maintain those you already have.

All over the world toll gates exist and they serve well. The presence of toll gates does not point to extortion. I believe the government should actually concession major highways and let the companies raise tolls to generate their funds back. That will increase the quality of road and also provide a better road network in Nigeria.

As to Lekki Tollgate, it is a "crime scene", LCC commit any crime so why punish them in perpetuity? Remember that there are also Nigerians who are employed at the tollgate

But its alright to shut down virtual accounts of banks and ban crypto? You are making a whole lot of sense

yazga:
So, it's that time of the week again when I get to rant and motivate us all to read our book of the month....

Our selected title for the month is "Rule #1" by Phil toen who is a great money manager in the US...

If there is 1 book that can teach a novice all he or she ever needs to know about investing, this is that book...

If you read this book, you literally don't have to read any other investing book... Its a great book...

*If you read this book and it doesn't change your investing mindset, I owe you 1,000 units of Google stock...*

NB: Terms and conditions apply....

Plz what are the terms and conditions let me know if i qualify. I need those Google shares

SaintLucia:
Any institution that doesn't have a REGULATORY BODY is a fraud. Kudos to CBN. Many clowns commenting on social media doesn't even have idea how it works. Their only hatred is Buhari, but their ignorance didn't remind them that the CBN is an independent institution that has his own governor.

Sorry go and read your WAEC past questions.

Wall Street institutions are investing in crypto.they are setting up digital units for clients who want to add crypto in their porfolio. Do you know how much Morgan Stanley has in Grayscale? Even the SEC (of US) just approved a digital bank that would deal on crypto. Mastercard and Visa are launching their crypto cards. Go and read and stop exposing your ignorance