₦airaland Forum

Agrozone:
From my observation, I think your fears are where and who to get involved in your fund. Even if the interest rates are not as much as stated, you're still likely to choose this mode of investment. It's quite unfortunate how corrupt our people have become. Your own blood sef no safe. At least there are businesses that one can earn as much as 40-50% profits, but trust is the key ooo!

Yes , They actually do .

Treasury bills right now paying around 19.5- 20%, and the cool part is that the interest is paid upfront. So if you reinvest that upfront interest again and again, you’re basically earning twice from one investment. When you calculate it properly, you’re looking at something around 22%–23% interest annually …



Most mutual funds on the other had , from what I’ve seen so far , fall within the 22%–24% range. ARM, for instance, is offering about 22%, and some others are even higher and the good part about mutual funds they usually pay quarterly, So if you’re reinvesting your earnings consistently , you’re getting the power of compounding. That means even if a fund says 22% per year, you could end up with a real return of 24% or more by the end of the year.

Same with commercial paper, Just last month, FCMB’s was paying around 23%–24% for 254 days tenor

The key thing here is low risk and steady compounding over time. Which I can’t say for any other investment in Nigeria right now

Categorically , you just have to stay consistent and there’s a real chance I can grow over a billion in 10 years time

being:
Yes.. (if inflation rate & consequently cp & tb rates remain 20%+) u hav 1bn in 10 years but then the purchasing value will be about same... cos of inflation..
What i was trying to pass across is tb rates only just keep purchasing value plus some 2 or 3%.

Properties keep d purchasing value + some 5% rental income(on current p.v.)+ appreciation rate(which may be high)
Because of high inflation in d last 5 years, a lot of properties have appreciated 300%(monetary value)in these 5,7 yrs.
Overall point is u should factor inflation, time value of money in ur decision

https://www.facebook.com/okezie.eunice/videos/-how-mrs-ibukun-awosika-generated-614-million-naira-capital-from-a-52-million-na/6840036069428106/
This Mrs Awosika example happened in a period of lower inflation.. of course the appreciation rate(net of inflation) is not always this steep.

seems like you’re missing the core of what I’m trying to say. I’m not denying that stories like this happen… they do

But the way it often happen is like a rare unicorn… one in a thousand, maybe even one in ten thousand. And I can’t build a business on luck or on chances that slim.

I’ve sat with this for a while… thinking, rethinking, turning it over in my head. After a lot of deliberation, I’ve come to a conclusion that feels grounded in clarity not hope or luck or spkepicisitim , hoping my property fit go up in 10 years time , I can’t do that pls…
it my hard earned money we are talking about here not some kind of lottery win ….


Just About a week ago sef , I was just scrolling through Instagram when a friend sent me a message with a link. “You need to see this,” they said. Curious, I clicked it, and it took me to a post exposing “P Wan Real Estate” for allegedly scamming their followers. As I read through the details, my heart sank. The post laid it all bare… how this company had been scamming people in with promises of dream homes, affordable plots, and secure investments, only to take their money and allocate fake stuffs to them .

People had poured their life savings , just imagine it oga , their hopes, their futures into these deals, only to be left with nothing…

Really couldn’t stop thinking about it. The more I read, the deeper it cut. kept imagining the way real estate is often presented in Nigeria feels a lot like a Ponzi scheme to me. Flashy, fast, and full of promises … but when you strip it down, the risks are heavy, and Like Recyclables.. like robbing Peter to pay Paul . And I’m not built for that kind of gamble.

Have done my homework … real feasibility studies. And from everything I’ve learned and experienced, I can say with my full chest : compounding is the fastest and safest bet . It’s not flashy, but it’s solid. It works … predictably, consistently .. and that’s what I need to build something that lasts.

That’s the path I’ve chosen.

Thank you

being:
Let me mention that while mutual funds/TBs are near 100% safe, the compounding rate only beats the inflation rate a little. For instance when inflation rate was 11%, TB rate was like 13,15%. Now TB rate is around 24%., u can check what current inflation rate is now.. stocks/shares can actually yield negative returns atimes.
To me a better and still safe option would have been properties (a developing area is better). This maintains(even increase) the purchasing power of that amt and gives rental income too

First things first, before I talk the main thing wey dey my mind, make I first break down why I choose the compounding route.

Stay with me.

For clarity and reference, here’s the plan I’m working with: ₦110 million in total.


60m into treasury bills …….

I’m allocating ₦60 million into Treasury Bills. One major advantage with TBs is that the interest is paid upfront, which allows me to immediately reinvest the interest as it comes in … effectively compounding the returns manually each cycle.

Now, while the base treasury rate is around 19–20%, this reinvestment approach pushes the effective annual yield up to around 22–24%, especially when you rotate into short-term bills or other secured instruments.

Compounded over 10 years, ₦60 million grows to around ₦450 million to ₦515 million… and this is:
• Fully traceable
• Backed by the Federal Government
• Practically stress/risk-free

When I say risk-free, I mean that there’s no guesswork involved. I literally sleep and wake up, knowing my capital is 101% safe & secured.

And Then remaining ₦50 million would be going into commercial papers, mutual funds, and possibly equities … instruments that generally yield 24–26% annually.


Mutual funds, especially the flexible ones that allow monthly or quarterly withdrawals, give me room to reinvest earnings as they come, further compounding growth.

With monthly reinvestment, even a base rate of 22–24% can push actual annual returns to 25% or more.

Over 10 years, this ₦50 million could potentially grow to around ₦600 million to ₦700 million, depending on how well the reinvestments are managed and the consistency of rates.

That is Total value after 10 years: ₦1.05 billion to ₦1.2 billion

All without starting a business or having to deal with humans …




Now make we go back to the point wey I wan really talk:

Make I ask you straight up…

Which property for this Nigeria you don personally see wey give 10x return within 10 years?

I no dey talk about that kind “just buy one land for bush and forget am” kind story.
I dey talk about real, traceable example … where person buy property or land for ₦100 million and sell am for ₦1 billion inside 10 years, predictably, not by luck? .

AmgAmg:
I recently received an inheritance and now have over ₦150-million just sitting here, doing nothing. I need solid advice on how best to invest this money. I’m looking for a moderate to high-yield investment that won’t be affected by the depreciation of the naira.

Let’s be real ….. we’ve all seen how bad the naira has devalued over the years. The last thing I want is to put my money into something, only to wake up in a few years and realize its value has been slashed into half. You know what I mean. Even if the business is in naira, it has to be highly profitable so that currency depreciation won’t eat away it.

I don’t want meaningless or negative suggestions…. only serious, well-thought-out opinions . I’m open to meeting up as well….. to discuss solid business ideas, and trust me, a handsome reward awaits whoever brings the best proposal.

That said, let me be clear:
I have the Commissioner of Police and EFCC on speed dial. If anyone thinks this is an opportunity for a scam, just know that any fraudulent attempt will be dealt with the full extent of the law.

If you have a genuine, profitable, and well-researched idea, let’s talk.

Just wanted to put this out there since I was the one who started everything here in the first place … so it’s only right that I share my final decision on this platform as well.

So after much thought and weighing my options, have finally decided I’m going with the compounding approach to investing, Many might ask why I picked this path, but the main driver, the absolute main reason… is because its low-risk profile.


spoke with an investment manager just last weekend , and he was incredibly confident and persuasive about the benefits of compounding. I’m actually talking about treasury bills / mutual funds / stocks /shares and the likes …

might surprise you, but he showed me some projections & numbers that suggest this approach could potentially grow into over a billion in about 10 years time. Was honestly shocked when he broke down the numbers and showed me the math behind it.

best best part? It’s completely risk-free, or at least significantly less risky than starting a business from scratch. So I won’t have to deal with the stress and uncertainty that usually comes with launching a company.


That being said , I still look forward to collaborating with a few of the people I’ve connected with on here… but the bulk of the capital, around ₦110 million out of ₦150 million, will be going into the compounding side. and The remaining ₦40 million could be used for my other project.

Thanks to everyone and may God bless you’ll

AmgAmg:
I recently received an inheritance and now have over ₦150-million just sitting here, doing nothing. I need solid advice on how best to invest this money. I’m looking for a moderate to high-yield investment that won’t be affected by the depreciation of the naira.

Let’s be real ….. we’ve all seen how bad the naira has devalued over the years. The last thing I want is to put my money into something, only to wake up in a few years and realize its value has been slashed into half. You know what I mean. Even if the business is in naira, it has to be highly profitable so that currency depreciation won’t eat away it.

I don’t want meaningless or negative suggestions…. only serious, well-thought-out opinions . I’m open to meeting up as well….. to discuss solid business ideas, and trust me, a handsome reward awaits whoever brings the best proposal.

That said, let me be clear:
I have the Commissioner of Police and EFCC on speed dial. If anyone thinks this is an opportunity for a scam, just know that any fraudulent attempt will be dealt with the full extent of the law.

If you have a genuine, profitable, and well-researched idea, let’s talk.

Wow, Funny how this post almost at 8k views

I don’t get this obsession about America always wanting to be in control.

They act like everything revolves around them.
not like they’re the only ones using this TikTok sef .

Last I checked, countries like Indonesia have even more users.

So why does the U.S. get to call the shots?

Mannyemmy:
Sequel to our discussion concerning the hybrid-like features as your MVP, Yes, I stated earlier in my last comment that your budget range is a feasible one, and you can kickstart with a lesser budget, which all depends on your business strategy.

"Like… if everything goes smoothly and I want to scale it up, would I need to invest more money to upgrade the app later? Sure I know will have to , but how much would that cost me …."

To answer this quoted question you asked above, firstly, MVP is an acronym that stands for Minimum Viable Product, which is a core version of a product designed to be released quickly and tested with real users. Minimum Viable Product (MVP) is generally considered the initial version of a product. This implies that as you progress in the business, you upgrade, which definitely will incur more costs. Now, to answer the later part of your question, which you're inquiring about the cost, it all depends on the full product you're looking forward to building, which is in your business plan, which I assumed is the likes of Quidax and the upgraded version of Jeroid, which involves mainly an automated wallet and trading system, and I've explained all these in my previous comments, and I stated that the cost of an automated crypto trading application only costs $20k and more, and you also have to keep the necessary licenses in mind too.

Moving forward, you need a product designer to quickly design the prototype of the MVP and get a developer to do it, and I recommend a web app for it with a simple wallet system, which will have top-up and withdraw, transaction history, and a settings page. The home screens should display the live rates of the various cryptocurrencies you support in naira, along with two action buttons: "buy crypto" and "sell crypto." After the development of the MVP, you advertise and market, and I've shared with you previously on both organic and paid ad methods.

No, launching an online Minimum Viable Product (MVP) generally does not require a traditional office space. The core focus of an MVP is to test a product concept with a minimal set of features and gather user feedback. This process is largely independent of physical location. Like I mentioned previously, part of your strategy is working with influential folks in the crypto community. You shouldn't worry about how many workers you should employ and their salaries; rather, you should be more concerned about getting STARTED. When the time comes, they're recruiters for that, and you should have a business plan that encompasses all these things, and I've been emphasizing since my earliest response for you to have one.

Moving forward, I'll recommend you start taking action, and like Mark Twain said, and I quote, "The secret of getting ahead is getting started." He also emphasized that "the secret of getting started is breaking your complex, overwhelming tasks into small, manageable tasks, and then starting on the first one." This suggests that the key to making progress is to begin and not get bogged down by the initial complexity of a project.

All the best! I hope this helps.

PS: By God's grace, I should be in Nigeria by next month.

Good evening

really appreciate everything so far … the energy, the communication, and the potential I see in what we have said so far is quite commendable

I noticed you don’t seem to be based in Nigeria, so I’m just thinking about how we could work together long-term.

if i happen to be in Nigeria in the next couple of months , we can definitely meet up and, preferably, just pick up from where things currently are and see how it all naturally progresses

I actually think that could help us connect better and maybe even give us a clearer picture of what direction to take

Mannyemmy:
First and foremost, I appreciate your understanding of my case scenario involving Quidax and Jeroid, and having thoughtfully read my last comment, you would like to proceed with developing a Jeroid-type application, which is a commendable step.

As regards the crypto exchange backend functionality of how the Jeroid application works that I explained initially, it's more or less a hybrid solution, like you rightly stated, and in the admin dashboard, the admins can view the transaction history and simply tap a button to command instructions, be it approval, decline, or a comment. However, I just realized that the Jeroid application has been upgraded to include a wallet and trading system, which automates their transactions and makes them more similar to a Luno-type application. I'm not based in Nigeria, and I decided to download and sign up on their most recent app using my sibling's Nigerian phone number, and that's how I uncovered their new features.

Nonetheless, you can develop this hybrid application as your MVP to test the market and get feedback from your beta users to build your main product.

In the world of DeFi and fintech, when starting up, influencer marketing and UGC have proven to be very effective and help build credibility, expand reach, and drive engagement by leveraging trusted voices within the crypto community. You can also consider using paid advertising and referral programs. Like I said earlier in my last comment, with the right business plan, you can achieve your marketing goal.

Moving forward in starting up your MVP with the supposed hybrid features as discussed earlier, yes, your budget of 5-7 million naira is a very feasible one, and you can even pull it off with less funding depending on your strategy(ies). Instead of developing a cross-platform application, you can simply develop a web app-based MVP, which is quicker to build and cost-efficient. On the advertising and marketing aspect, if you want to generate leads and real-time paying users organically, you can sign up on other big exchanges to become a vendor and write appealing content to sway them to using your own platform. On the other hand, like I previously mentioned in my earlier comment, you can also reach out to influential folks for partnership and let them help you build your own community.

I hope this helps!

I really appreciate you man .
Sorry it took me a while to get back …
just been super busy lately… genuinely would’ve loved to treat you to breakfast or something once I’m back in Nigeria, but since you’re not here, I honestly don’t even know how we’d link up


Anyway, I wanted to pick your brain a bit more. When you talk about ₦5–7 million, were you referring to just getting the MVP (Mv P) off the ground? Like… if everything goes smoothly and I want to scale it up, would I need to invest more money to upgrade the app later? Sure I know will have to , but how much would that cost me ….
Can you walk me through that.. hope you don’t mind


Also, I’ve been thinking … if I do decide to launch, I know for sure I’d need an office space eventually. But here’s the thing:
I’ve never run a corporate setup before, so I’m clueless about the structure.
How many people would I realistically need on the team at the beginning?
What kinds of roles should I be thinking about hiring for
And roughly, how much should I be budgeting for salaries for these roles ?

Mannyemmy:
I'll try my best to explain it explicitly to you here, but I do hope that I don't miss any vital point(s).

Firstly, before I expatiate on the pricing and regulations involved, I want you to understand the concept of what you're building, and the reason simply stems from the initial references you provided here on your earliest post about starting up a crypto exchange platform, which are Quidax and Jeroid. While both have some features in common, they're broadly different! Basically, Quidax is a centralized cryptocurrency exchange, and Jeroid is primarily a fintech or mobile app that offers crypto trading as one of its services, which is manually controlled. Think of "Quidax" as the Binance or Bybit of Africa that has a robust trading system and allows users to buy, sell, and store various cryptocurrencies like Bitcoin and Ethereum, offering features like P2P trading and an OTC desk, including an API for developers, and think of "Jeroid" as your regular WhatsApp crypto vendor you know who built an application to optimize their trading process but still does it manually on their backend regardless. I want to believe you understand now because it's pertinent.

With that being said, the reason for my explanation above is that your choice of references is a bit absurd in that particular context due to the enormous distance between the two of them in terms of pricing and the overall development. It's like comparing a Rolls-Royce La Rose Noire Droptail to a Toyota Corolla.

Moving forward, I believe you should grasp where I'm coming from and, perhaps, where I'm going to. To start with, the establishment of a similar Quidax-type of crypto exchange app in Nigeria is capital intensive. You'll mainly need to do a CAC registration, SEC registration, and intellectual property (IP) registration. The last time I checked, Nigeria’s Securities and Exchange Commission increased the registration fee of platforms offering crypto exchange services, raising it from 30 million naira to 150 million naira. To digress a little, in June 2024, the Nigerian Securities and Exchange Commission introduced the Accelerated Regulatory Incubation Program (ARIP) to manage the activities of these VASPs (Virtual Asset Service Providers). By August 2024, your beloved reference, Quidax, was one of two companies that were granted a license. Aside from the regulatory aspects, developing a Quidax-like application can cost you $20,000 and above unless you want to utilize a white-label solution like PayBitoPro, which is relatively cheaper.

On the other hand, starting up a Jeroid-type of crypto exchange app in Nigeria is a lot cheaper compared to Quidax. Like I mentioned earlier, Jeroid application is basically a mobile app that offers crypto exchange as one of its services, and transactions are manually carried out by its administrators. Unlike Quidax, it doesn't require much regulation, and you can make use of third-party APIs depending on the services you want to offer, like Jeroid does. You may still need a license if you want to accept fiat on your application, and maybe a cooperative license will do, and the cost varies, and you can consult a tech lawyer within your vicinity to learn more and the amount should be less than 250,000 naira. However, you still need to register your company with CAC, which is important. To give a guesstimate on how much it will cost to develop the app in Nigeria, I would say between 800k and 3M, depending on the core features required.

I, believe these are the major points you should know and the likes of the hosting infrastructure, security layers, media marketing and all the other stuff like you rightly mentioned on your comment are all negotiable items and with the right business plan, you can achieve all of this with some few millions of naira.

I hope this helps!

So I’ve been thinking a lot since your last message, and honestly, I’m leaning more and more toward building something in the Jeroid-style lane. Something that still offers crypto trading in a simplified, user-focused way.

But there’s something I’m still trying to understand clearly. You mentioned that platforms like Jeroid handle their transactions “manually” through an admin. That part has been on my mind. I came across something recently that said Jeroid handles over 200,000 users in total, which got me thinking …. are you saying that platforms like that don’t hit 5,000 users in volume per day? And even if they do, is it really possible for admins to manually handle that kind of load daily? It just seems like a lot for any team to manage by hand unless there’s some system behind it. Maybe when you say “manual,” it’s more of a hybrid … like there’s still a backend dashboard that requires approval, but not everything is fully automated yet? I’d really appreciate if you could help break that part down better for me.

Also on marketing …. I strongly believe that marketing is really the engine of this whole thing. Like they say, “The market where you shout the loudest is where people gather.” It’s not always about who has the most features or even the best tech …. sometimes, it’s just about who’s shouting with the right voice, in the right market, at the right time. That’s why even the biggest brands keep running ads every single day.

From what I can see in this space, especially crypto and fintech, if your brand doesn’t show up consistently and visibly, it’s almost like you don’t exist. And in a market like Nigeria, where word of mouth spreads fast when something works, I think that’s one area worth investing in. I’m curious to hear your take on this .. especially since you clearly have a good eye for communication.

I really admire your writing style by the way. You break things down in a way that makes complex stuff sound simple. good good writing skills you got there …

As for budget, I’m roughly estimating that ₦5 to ₦7 million might be enough to get a good version off the ground…. something stable enough to operate and grow organically. Of course, these are just preliminary thoughts, and I’m very open to your input on whether that sounds feasible or off the mark.

There are still many questions on my mind, but I also don’t want to overwhelm you all at once. If you’re open to further conversation, I’d really appreciate the the chance to ask a few more questions here and there. Thanks so much for all the help and breakdowns so far. Hopefully when I’m back in Nigeria, we can even connect in person.

Really really appreciate you, man.

Mannyemmy:
I'll try my best to explain it explicitly to you here, but I do hope that I don't miss any vital point(s).

Firstly, before I expatiate on the pricing and regulations involved, I want you to understand the concept of what you're building, and the reason simply stems from the initial references you provided here on your earliest post about starting up a crypto exchange platform, which are Quidax and Jeroid. While both have some features in common, they're broadly different! Basically, Quidax is a centralized cryptocurrency exchange, and Jeroid is primarily a fintech or mobile app that offers crypto trading as one of its services, which is manually controlled. Think of "Quidax" as the Binance or Bybit of Africa that has a robust trading system and allows users to buy, sell, and store various cryptocurrencies like Bitcoin and Ethereum, offering features like P2P trading and an OTC desk, including an API for developers, and think of "Jeroid" as your regular WhatsApp crypto vendor you know who built an application to optimize their trading process but still does it manually on their backend regardless. I want to believe you understand now because it's pertinent.

With that being said, the reason for my explanation above is that your choice of references is a bit absurd in that particular context due to the enormous distance between the two of them in terms of pricing and the overall development. It's like comparing a Rolls-Royce La Rose Noire Droptail to a Toyota Corolla.

Moving forward, I believe you should grasp where I'm coming from and, perhaps, where I'm going to. To start with, the establishment of a similar Quidax-type of crypto exchange app in Nigeria is capital intensive. You'll mainly need to do a CAC registration, SEC registration, and intellectual property (IP) registration. The last time I checked, Nigeria’s Securities and Exchange Commission increased the registration fee of platforms offering crypto exchange services, raising it from 30 million naira to 150 million naira. To digress a little, in June 2024, the Nigerian Securities and Exchange Commission introduced the Accelerated Regulatory Incubation Program (ARIP) to manage the activities of these VASPs (Virtual Asset Service Providers). By August 2024, your beloved reference, Quidax, was one of two companies that were granted a license. Aside from the regulatory aspects, developing a Quidax-like application can cost you $20,000 and above unless you want to utilize a white-label solution like PayBitoPro, which is relatively cheaper.

On the other hand, starting up a Jeroid-type of crypto exchange app in Nigeria is a lot cheaper compared to Quidax. Like I mentioned earlier, Jeroid application is basically a mobile app that offers crypto exchange as one of its services, and transactions are manually carried out by its administrators. Unlike Quidax, it doesn't require much regulation, and you can make use of third-party APIs depending on the services you want to offer, like Jeroid does. You may still need a license if you want to accept fiat on your application, and maybe a cooperative license will do, and the cost varies, and you can consult a tech lawyer within your vicinity to learn more and the amount should be less than 250,000 naira. However, you still need to register your company with CAC, which is important. To give a guesstimate on how much it will cost to develop the app in Nigeria, I would say between 800k and 3M, depending on the core features required.

I, believe these are the major points you should know and the likes of the hosting infrastructure, security layers, media marketing and all the other stuff like you rightly mentioned on your comment are all negotiable items and with the right business plan, you can achieve all of this with some few millions of naira.

I hope this helps!

You write really well .

Mannyemmy:
As both an entrepreneur and a software engineer who has built several fintech products, I will recommend you have a business plan and figure out your USP (Unique Selling Proposition) first, which you've rightly done, which is the transaction speed you mentioned, and perhaps there are also some others. Moving forward, you need to register the company and, most importantly, stay in compliance with the necessary authorities and this will ease your partnership with other service providers when you want to integrate their API on your platform. Coming from a business angle and to save your resources (time and money), you may want to quickly run an MVP and validate your idea before building and in that case, you can build an online brand with a simple landing page to get clients and get them to join your waitlist and see how this goes and you can also reach out to influential folks in the crypto community for a repost. So, depending on how this goes, you can build and launch.

With that being said, its an idea that's feasible due to the several pain problems involved in this part of the world most especially the delay and you can also partner with a reliable onramp provider which will allow users to convert their fiat into crypto.

I hope this helps!

Had to re-edit

Like I said, Thanks a lot for your advice… really appreciate from depth of my heart . What you said actually reminded me of a conversation I had recently with someone who’s also in tech but like a rookie. lol . We were discussing the idea of building an exchange and all the moving parts involved. Like you rightly said, starting with an MVP is the smart way to go. Just build something small, test it, see how people respond, and then scale up if it clicks.

But here’s the thing … even though I’m totally on board with the MVP phase, I’ve also been thinking ahead. I like to plan things out as much as possible,

Imagine someone starting to building a house , but in their head they’re already picturing the full duplex. Like what and what it takes to put everything together, they wanna know how much the blocks, roofing, wiring … everything …. would eventually cost. That’s kind of where my mind is.

So yes, I’ll test the waters first. I’ll keep things lean and maybe even use third-party providers for fiat onramp and other integrations. But I still need a sense… even if it’s just a ballpark estimate … of what a full, properly scaled exchange might cost to build and launch. From development to licenses, compliance, hosting infrastructure, security layers, media marketing and all the other stuff that has to be in place for things to run smoothly.

I’m not trying to rush into all that now, but I want to know the road ahead … what I might be getting into if this MVP gains traction and I decide to go all in….


I’ve seen people get stuck midway not because their idea didn’t work, but because they didn’t plan beyond version one. I’m trying not to be that guy.

Hope you get the idea and where I am coming from ….

Thanks again …. would really appreciate your take on this

Good morning everyone

Pls Lately, I’ve been thinking a lot about building a crypto exchange… something similar to likes of Jeroid or Quidax.

Honestly, it’s just an idea for now, but it keeps coming back. I keep imagining what it would feel like to create a platform that makes crypto more accessible locally, especially in places where people need easier options.

Not only that … I want to create something where transactions work at the speed of light.
I mean ridiculously quick speed .
I feel like that’s the only real way to stand out and beat the competition: to have hypersonic-speed transactions that people can actually rely on.

But I’ve also had a bunch of doubts in mind.

I’ve been asking myself questions like:

Where do I even start from for someone entirely new to the crypto space?

Also, is this something I can actually pull off and is it worth it in the long run?

And probably the most important question: how much would this actually cost me, money-wise?

And more importantly … as I said earlier … Is the juice worth the squeeze in the end ?








Please, I don’t want to get into an endless money pit.

I know for a fact that it’s easy to get overwhelmed.

So I figured I’d just ask instead .

If you’ve been in this space … maybe you’ve worked on a crypto product, built a platform, or just know how these things come together … I’d really appreciate your thoughts & opinions

I’m open to learning, open to being corrected, and open to any advice you think might help

Thanks in advance 🙏

Jiola:
yes am open to sharing my trade history. Glad to know you have some background in forex so you know how it is sir.

Well I started learning forex around 2018, when I saw where the economy of this country was heading and I correctly predicted within myself that the naira was going to actually depreciate further, I decided to learn an online business that can enable me earn in dollars so I can stay above the naira. Forex trading happened to catch my attention the most then and that was how I started.

Concerning profitability, being profitable is actually different from being consistently profit or it depends on how you define profitabe in this context. While have been profitable for about 2 years now, Have only been consistently profitable from around late last year...

I will attach my email address cos I don't know if its allowed to post email address on this forum

Thanks for your reply.

Firstly, about the consistent profitability you mentioned since late last year …. So that puts us in the 6 to 8-month range. While that might be simply encouraging, I'm sure we’d both agree that in the forex world, that’s still a pretty short timeframe to really prove long-term sustainability.

I’ve come across a lot of bots and strategies that look great for a year or even two, then suddenly fall apart. It’s kind of a pattern in this space … people show you short-term results and claim consistent success, but it’s hard to find those who can back it up with several years of real, verified performance.

That’s a big part of why I’ve always been cautious and haven’t jumped into anything forex-related up to now.

Pls don’t get wrong … I’m not saying I’m completely against it … I’m open to the idea 💯 …but for me to seriously consider putting in anything at all, I’d need to see a longer and more proven track record history .

Anyway, I’ll leave it at that for now. I hope you understand where I’m coming from. I really do appreciate your transparency, and if your results keep building and hold up over time, I’ll definitely be open to revisiting this in the future.

Wishing you all the best in the meantime.

Jiola:
Honestly this is a sensible question. Beautiful question.

It's simply business. The more people I can trade for the more profit I can make, especially since am a profitable trader. Lemme explain:

For example, I have my own account which is small in size to be honest because am not able to grow it to a large size not because am not profitable or making profits regularly but I have withdraw from it most of the time to run my daily activities as a family man, you understand so that's why.

2ndly I have someone am trading for, he came in with $1200 and we have been making profits consistently since then, honestly you would love to see the evidences, trust me. Now when we make profit, he sends me half of it on a daily basis which I use in conjunction with withdrawals from my own account so I can live very comfortably despite the economy.

So it's just common sense for me to get as many people with big capital that I can trade for to collect extra 50% of profits since I have the Knowledge, skillset and track record.

Right now am looking for my big break. What I mean is that am looking for someone who can see my evidence and track record and invest $10,000 or more for trading. The profit I can make on a $10k account using the same strategy and skill would be much more than what I can make on a $1200 account or $500 account. I hope you understand my point sir.

So that's why when I saw your thread, I saw potential. I already have the most important thing in forex which is the right strategy and patience cos I don't trade all the time. So what i need right now is a big account or at least an extra account where I can generate profit and collect extra earnings. Just simple.

To start with, I wanted to mention that I'm not entirely new to the forex space; I traded around 2016 or thereabouts .

While I wasn't profitable then, I gained a decent grasp of the basics. I'm letting you know this so you understand I'm not a complete beginner.

I'm a firm believer in absolute transparency. I strongly believe that if you’re honest and straightforward, the right people will always be willing to work with you, regardless of what your situation might look like. That's the approach I take.


With that in mind, before I ask my final question, I'd really appreciate seeing some verifiable proof of your profitability. What I'm hoping for is investor password access to your consistently profitable live trading account(s). I'd like to personally review the trading history to understand your approach and performance. If you're open to sharing, please let me know your email so I can send you mine for the details.


Finally, and perhaps this is already covered by my previous request, so I probably don’t even need to ask it since you’re already on your way to sharing your trade history … but for the sake of clarity:

When did you start trading, and more importantly, how long have you actually been profitable? Just a simple, honest summary of your trading journey … when you started and when you began seeing consistent results.

Looking forward to hearing from you.

Pls know that no shame in asking questions. Even Elon Musk, for instance , didn’t invent everything he owns or runs today. He’s made smart decisions by investing in and acquiring ideas built by others. If he believed in doing everything alone, he wouldn’t be where he is today. He understood the value of using other people’s knowledge and combining strengths … just like many successful people do.

“The palm tree does not grow alone in the forest”.

I won’t engage any further with you due to your

I 0 W

I Q

But for those who still believe in progress… for the silent observers still following … those who still care about learning, thinking critically, and building something meaningful.

But beyond that, I believe others following the conversation … even if they’re silent now … can still learn something useful, either for now or sometime in the future. Because learning is not something we outgrow. It’s not something only the uneducated or unsuccessful do. Learning is for everyone.

Even someone as successful as Bill Gates reads 3 to 5 books every week. Why? Because knowledge is wealth. And a wise man knows that no matter how far he has gone, he hasn’t seen it all. There is no shame in seeking knowledge …. in fact, it is something the greatest minds continue to do.

The reason I created this thread was for interaction and educational purposes. Not clout chasing

I believe in creating spaces where people can share ideas, ask questions, and possibly even find ways to collaborate.

In fact, I’ve already connected with two individuals I’m genuinely interested in working with in the future . That, to me, already makes this thread valuable.

I mean when they see you asking questions or starting discussions online,

immediately assume it’s because the person is p 0 0 r or uninformed.

That mindset is not only unfair …. it’s also completely inaccurate.

I won’t be responding to the first part of your message


because many of you Nigerians think as you are phuckinnn

p 0 0 R Everyone else is,

Jiola:
okay I have an idea.

I have typed out the idea on ms word and I would put the link here so you can view it.

Thanks for the response

I just have two questions for you … and honestly, the first one will determine whether the second even needs to be asked.

You’ve mentioned how profitable your trading is, which’s great to hear.

But if that’s the case, why do you need to use my own money to trade?

Why not just use your own capital or better still prop firm.. especially if you’re already profitable as you claim to be?

a skilled trader should be able to gradually grow through consistent trading and smart risk management over time .

So it makes me wonder: why not focus on compounding your own money instead of asking others to invest theirs

Not trying to be hostile … just genuinely curious how that makes sense.

Jiola:
wow
Big congrats to you on your inheritance.

Am just coming across your thread and have put forward a quite simple, straightforward investment idea but for unknown reason, this new antispam bot or whatever its called just keeps deleting it I just don't know why. They are making this forum an unpleasant experience for people nowadays.

Pls I sent u dm, can u reply so I can forward the idea to you then u can decide if you are interested or not.

Thank you.

Can you just say what you need to say here for now? If it gets to a point where moving platforms makes sense, we can do that. I don’t hand out my email for security reason … and honestly, some convos here already get messy, like that dude yesterday who almost had me losing my cool. No need to invite more stress by adding personal info to the mix. Hope that’s cool with you

Anyway. This is where I take my bow. Going forward, I’ll choose my business conversation more wiselyyyyyyy







As for your 150 million dream …. hold it well. because The way you’re going, it clearly will remain a dream forever . That’s even if you ever had anything close to it in the first place.

Remain blessed… but far from me.

You’ve clearly wasted my time. And the truth of the matter is I’m not even angry…

I’m just relieved I didn’t make the mistake of moving forward with someone like you.

Let’s not sugar-coat it: You are like a very big container ship, massive in size, but when you open it, you find absolutely nothing inside.

It's all talk, talk, talk, but
when it comes to real substance, poof! Nothing dey.

If you genuinely had the kind of success you claim to have, you wouldn't be approaching serious discussions with such c h i ldish a r r o gance.

A person who has truly achieved things doesn't need to make so much noise; their results speak for
themselves.

But your own pride has locked your ears from hearing anything, and the volume of your boasting is far greater than any proof of your accomplishments.

What even makes it worse is that I gave you room … I gave you time.

I told you to go back and refine it, explain your thoughts better, organize it like someone who actually wants to be taken seriously.

But instead of humility, you returned with e g o and entitlement, chest out like a m @ squer@de in a borrowed costume.

And then the most hilarious part ….

you had the audacity to say your proposal was just for “educational purposes.”

Oga, if you had half the experience you claim to have , you would know that no real businessman sends out half-baked proposals and then calls it educational intent.

This isn’t primary school. When someone sends you a proposal, the person is declaring intent …. not testing PowerPoint skills.

You’re like a ticking time b0mb waiting to e x p l 0de

and my only crime is wanting not e x p l o d e with you..

and I sincerely pity the person who will be standing next to you when it happens.

Like Who in their right mind, in their first or second year of business profit, goes to buy a tractor worth 40m?


make it make sense.

That kind of move is not brilliance, it’s reckl€ssness on first class display.