₦airaland Forum

LandMann:
Funny but insightful writeup.

I resumed trading about 2 weeks ago with about $10 as trading capital and x100 of that as backup just for fun combined with full time job

See my progress below as of now.

Nice results 👍🏽

Trading Futures is going to be too risky for me right now. I still have some concepts I want to study and understand well for me to gain more confidence. I traded futures this year twice when mexc exchange gave me $10 futures trading bonus. The money was not from my pocket so I just traded it anyhow. Funny thing is, I still made some profit with it after winning and losing some trades.

I'm more confident with Spot trading. November is shaping up to be my best month so far, since the beginning of this year.

iLegendd:
How I Create and Protect My Crypto Wallets

Using an exchange as the only place you store your crypto is not really cool.

Only money you can lose or you'll soon use for trade is supposed to be there. You need to have your personal soft wallet. Not 1, not 2, but 3, 7 or more. And you need to memorize ALL of them and recall them offhand. It's easy. I'll teach you.

This is how I do mine: On a brand new phone, after factory-resetting it, I install Trust Wallet and Metamask, then turn off my Internet. You can create and open a wallet without Internet.

I get a pen and a notebook and start creating wallets and when the seed phrase comes up, I immediately start coming up with a funny and some times, naughty story around those 12 words.

If it makes sense, rhymes, funny, and naughty, I keep it because it'll be automatically memorable. If it doesn't, I discard and continue.

I did this more than 40 times and got 10 extremely memorable, hilarious, and naughty ones. They're so hilarious and memorable even an alzheimer patient will find it difficult to forget.

I used AI to generate funny images that'll depict those crazy imaginative stories visually.

I used Capcut to put the slideshow together and added a voiceover. You can do it with your voice or AI voice. Capcut has everything. The stories are really catchy and absurd. That's why they're memorable.

I upload it online and people watch and enjoy. Each story is a clip of 30 seconds or less.

Note: The phrases are mixed with other words to make the story rhyme and easily recalled.

I'm the only one who knows the words that matter and their combinations, the prefix and suffix to omit to get the base word, etc.

It's the best method I have discovered. Hardware wallet? Yeah, cool to have, but the stories I hear about them nowadays eh.

Imagine uploading your seed phrase on YouTube and people are watching, commenting and enjoying the storyline, but they have no idea it's someone's seed phrase. Even if you tell them, they won't be able to fix it together.

People watch those videos, but they have no clue. Those I told still can't figure the 12 seed phrase out of those stories.

Example:

12 seed phrase

1. alcoholic
2. turkey
3. tackle
4. raccoon
5. truck
6. winter
7. guilt
8. crane
9. tray
10. child
11. dash
12 chicken

The above is a real one fro Trust Wallet.

We are different, so everyone's story will be different.

This is the first one I came up with.

An alcoholic from Turkey tackles a raccoon driving a truck in winter. Without guilt, he drove a crane carrying a tray with a child on it to dash a hungry chicken.

I realized I'm going to forget the word "tackle" so I added supporting words to make it more memorable.

Here is the modified version.

An alcoholic from Turkey, a football defender, tackles a raccoon driving a truck in winter. Without guilt, he drove a crane carrying a tray with a child on it to dash a hungry chicken.

The line: football defender is a trigger phrase to help me remember "tackle."

Even though I used alcoholic instead of alcohol, I know the main word. Same with tackles instead of tackle, etc.

When I'm done with the story, I source for images, then I open Capcut editing app owned by Tiktok to edit them.

Capcut is free and has unlimited AI image generation inbuilt. That app is too good to be free.

Anybody who edits videos on phone and doesn't use Capcut, I laugh — you're missing. The new AI-oriented updates are insane and all for free.

Anyway, let's forget about Capcut. I just can't believe it's free sha.

The above imagery is actually one of my worst. Though, it's memorable, a little funny, but not naughty or as good as the ones I personally use. Those ones, when I recite them, I can't help but laugh.

You know, I can't reveal them, but use this "alcoholic" example to get my message.

So, if I'm traveling to North Korea, nobody is going to seize my hardware wallet at the airport or if I get robbed in Mexico, I'll still have my soft wallet available on YouTube.

You can even monetize these short videos and make money with them.

So, keeping your seed phrase in the open is actually the best way to hide it and the best way to memorize and recall them easily without stressing your brain.

The thing I wrote above may seem like too much to do just for a seed phrase, but damn, it's so easy, simple and fun for me.

Before I go to bed, I always generate a new seed phrase and come up with a story around it to see if I'll topple the ones I already have. It has become a fun adventure for me.

Unfortunately, the one I used as an example above won't open because I forgot to verify it. You know, after generating a seed phrase, you need to re-type it to approve it, but I forgot. I'm really not happy with myself.

That error is the reason I wrote this post so that I'll use it to show example of how to save your seed phrase right in front of people.

They have eyes, but they can't see.

Below are the pictures for the story.

Image 1: An alcohol.ic from Turkey tackle.s a raccoon. (Yes, they've changed their country's name, but let's use it for now).

Image 2: Raccoon driving a truck in winter.

Image 3: The man not feeling any guilt from what he did earlier to the raccoon, he used a crane with a tray on it to carry a child he wants to dash to a chicken to eat.

He's such a wicked man. I guess that's why he's an alcoholic.

Tip: You can even create a funny one for your child or little siblings or whatever and infuse some rhymes to it.

They'll grow with it but won't know it's their university school fees you've put inside for them as Bitcoin.

That's planning ahead of time for your kids. Everything mustn't be in normal bank or fiat. Let's utilize this technology well the same way we're utilizing AI.

You are just giving yourself headache. When you create a new wallet with Trust Wallet and it auto-generates a seed phrase, you should abandon the wallet and create another immediately if the seed phrase doesn't appear easy to memorize within an instant. Just continue to do this until a seed phrase appears that looks easy to commit to memory.
I auto-generated about 20 seed phrases before I finally settled on one to use as my wallet.

I also tried to make sure my seed phrase contained words that have good, positive, etc. connotations

blackdodo:
Can you please share more info on it?

You can lend your crypto for a fixed duration and receive interest at the end.

The interest rate depends on the plan you choose.

The interest rates were higher when I first started last year but they were reduced some months back.

iLegendd:
To those who would want to know the exchange I use for this strategy, see 40+ of them below.

I have done proper research on them, registered with them, and got fully verified in all of them and others.

I'm not vouching for them, but I use their derivatives/future platforms for my "Eggs in 50+ Baskets" strategy.

Life no balance, so I decided to over prepare.

Luck is when preparedness meets opportunity.

I see you are using Whitebit exchange also. Their crypto lending feature is very good for passive income.

Bmaster:
Nothing you guys will talk here that will make me enter into crypto space again till[b] beginning of 2025.[/b]
The loss I incurred is enough to set up a booming vibrant business for an apprentice.

About 99% of crypto investors will fail. Success belongs to those traders who don't quit and continue to up their game.

error4040:
You don see am na, if theirs no backdoor or sheddy deal.
China is among the biggest nation that's backing cryptocurrency but how come till now they don't seem or have plans of adopting cryptocurrency especially for large organization like AE that have alot of conglomerate under them to help ease things out ?

Crypto is actually illegal in China, but a lot of Chinese trade and mine crypto secretly.

seanwilliam:
What meme coins are you buying ?

quote this post with the name abeg.

$GROK
$GROK
$GROK
$GROK
$GROK

It launched Nov. 6
It's has already been listed on MEXC and Bitmart.

wittywriter:
Poor result though...even a $5 daily profit with a $100 trading capital will achieve better.
@SinisSin learn to quote properly.

Wittyness

So you mean daily profit in crypto trading is guaranteed?

I don't know about you but I don't look at charts and monitor trades all day. It's not my main profession.

The "poor result" is enough for me.

Better to walk away with small gains than get rekt while chasing better results.

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

It depends on who you ask and what they are good at. Some find it easier to make money in Naira.

For me it has been easier making $$$ trading crypto while still doing a 9-to-5 day job.

$1000+ in profits so far in the past one year. It's not much but it's a good enough side hustle.

sambass:
Hi.

Is Bitnob not good enough?

Luada:
I understand the basics am aware when the percentage of a coin drops your roi drops, that means your capital drops.

What i want to know if it is risky to place a future trade now or wait for it to drop by percentage.

You haven't understood anything. You shouldn't even start trading if you don't know risk management. Nobody is supposed to tell you how to manage your risk.

Luada:
Guys i need answer, it about gas coin i want to go into a future contract with gas coin.

But it now 60% trading at 27 usdt yesterday it was 20 usdt so i wanted to ask if i enter a future contract and the percentage drops to 1% but it trading at 30 usdt will i loose.

If you don't fully understand futures trading, don't trade. You will continue to lose money.

Go and learn first.

Fhaze:
Not advisable because buying crypto on binance can make nigerian banks freeze you funds.

Looks like you don't understand how it will work. There are actually several ways to go about moving USDT from Binance to a dorm account. It is not going to be as direct as you think.

Fhaze:
Its not advisable

How do you mean?

Not possible or not advisable?

seon01:
Av been having issues opening my binance app for sometime now. The response I get is "failed to load WebView provider,No WebView installed". I uninstalled and reinstalled many times but still same problem. Please, what could be wrong and how do I resolve this? Someone should kindly help out. Thanks

Update all system apps on google play store. Also confirm that "Android System Webview" app is installed and not disabled.

Vyntra:
Is this still working?

Under maintenance

Kayonline007:
Neteller

Neteller and Skrill are owned by the same company.

You can consider these other options:

1. Exchange it on Binance P2P
2. Swap to Naira using a trusted e-currency exchanger

You are withdrawing your funds to where exactly?

Ifeanyi4491:
Not All because that was what I selected but ended up shipping with Nipost

That's why I said that it depends on the location in Nigeria. Speedaf does not have offices in all major cities in Nigeria.

Kingdemu:
I just read through... it's Nipost, damn. This is my first shipment that would be coming through Nipost. I hope there wouldn't be any issues with them? Location will be Bauchi.

Most times, the cheapest shipping method is handled by NIPOST when the item reaches Nigeria.

Depending on the location in Nigeria, when you select AliExpress Standard Shipping, the package will be delivered by Speedaf - a private logistics company.

Kingdemu:
What does the tracking number that starts with LP means? Read online that it means a tracking number is yet to be assigned....dunno how true. My first time of coming across it

Read here:

https://www.nairaland.com/5266068/thread-only-aliexpress-shopper/1369#126280074

Ifeanyi4491:
Pls On Ali, Tracking No that start with RE0 and end with NL, is that nipost that delivers it or nipost

NIPOST

compwizard3:
Most of USA based Card Billing Address do reject on AliExpress.

Please Note it today and Forever ♾️

Ever since I started shopping on AE, I have used more than 6 different Visa and MasterCard credit cards with USA billing addresses without payment being declined. Not even for once.

Minister of misinformation, I too know no go kill you.

Ifeanyi4491:
i have created and fund it with 30usd but still got decline on ali

The issue you are having is common with new users but I think there's something you're not doing right.

Check this for possible solutions:

https://alitopshop.com/help-center/csc_7200026-aliexpress/

You might need to verify the card. You can visit here to do that:

https://irescenter.alipay.com/appeal/appealList.htm?locale=en_US

Also make sure you are not using a VPN.

The name on the card should be the same (and in the same order) as the ones on your virtual card app and AliExpress.

seankafor:
actually what matters in his context is the market cap and not the price of the coin 🪙

Marketcap and available supply.

coin price = (Marketcap ÷ Available supply)

DOGE is $0.07057 and has a marketcap of 10 billion USD

BCH is $245 but has a marketcap of 4.7 billion USD

graceilina:
Please I have a question. Between a coin that the price is worth some cents and the one that the price is above a dollar, which one would give me more profit?

The price of the coin doesn't matter. What determines your profit or loss is the percentage increase or decrease in the coin price.

If you bought 1000 USDT each of BTC and XRP and they both increased in price by 10%, the profit realized from both of them is the same.

What is important is the amount you invested.

eteebanky:
You're still asking

With the fluctuating rates up and down, no bank will want to ridicule itself

If you want Dollars for legit stuffs, just go to your bank and fill up form A

Filling form A is not a guarantee that you will get USD from the bank.

The surest way (apart from electronic transfer) is to deposit physical cash into your Dom account.

Ifeanyi4491:
boss abeg can you recommend me card to use on Ali apart from klasha chipper and bitnob

Check out this one on Binance. Top up fee is 3%

Ifeanyi4491:
AliExpress to bitnob card

Is the name on your card the same as the one you're using on AE?

Matix222:
Please I need advice on this is there a chance that dollar rate will still go up?

Wait till January. The scenario that happened around this time last year is going to play out again.

Kachidubem:
Asin ehn... I just dey laff... like they dont have expenses to make or what ....

How can somebody store cash since 2011 till date and leave it untouched ..lmao

Somebody said he saved in dollars back in 2013 (950k naira) ... now he withdrew the money in 2023 (4.4mill naira)

So , he took 10 good years to gain profit of 3 million naira... 10 yrs to make 3 mill doesn't sound impressive self to me

Plus, I can bet you , whatever you planned to buy 2013 be it car or anything, by 2023 when you withdraw your money, INFLATION will be waiting for you

My frnd in uni bought Lexus rx350 suv in 2014 2.7 mill, even if he had saved that money in dollars to make 3 mill profit ..today that same car cost 6.6 million naira.

I didn't get to wait that long to preserve the value of my money.

In less than two years, my usd savings has almost doubled in value (Naira-wise).

Here are just some of the purchases I made back then:

I don't understand what you're trying to prove.

Kachidubem:
Does it still matter much... coz inflation will still chop that money.... lemme give you a quick example

In 2017, we used to buy PS4 console for 75k\85k... even if I had saved in dollars then... if I want to buy that PS4 today , it cost almost triple now self ,some sell for 200k plus

So what exactly did I gain... nothing much
So if dollar get to 3000 per dollar, expect the cost of things to triple also

You have not said the part where, by saving in dollars, he now has ₦5.5m instead of ₦950,000

Haba, can you even run a simple business?