₦airaland Forum

Robnectar:
Scammer alert!!! Beware of this moniker

PeaceIlya:
As a young CryptoCurrency TRADER (kindly note the word, TRADER), be SMART and not GREEDY, 10%-15% is a good PROFIT but if your fundamentals & Due Diligence are good, you can hold for as long as you wish.

For example,
Lets do the maths,

You are a trader you Invested =N=10,000 that's about $10 if you get $11 which is 10% don't be greedy take your profit

In addition, I have been learning and still learning, here are few I learnt

- The success or failure of a Crypto currency depends on your EMOTIONS.

- You are RESPONSIBLE for every trade in the market

- Plan a trade and trade a plan, don't ever follow the CROWD it ends in premium tears.

- Know your entry and exit plan & reason for such trade

- Do not make a decision or trade in the spur of the moment because your sense of judgement is beclouded.

- Impulsive trade are very dangerous.

- Have a limit to the amount you can risk in a trade i.e. avoid risking more than a certain percentage on your capital e.g. if you started out with $100, do not risk more than a certain percentage determined by YOU on a coin.

- Learn as much as you can, ask questions.

- Do not get GREEDY to trade.

- Design a trade system that will trade less often.

- Develop a method for analysing the market e.g if A should happen B should be in profit.

-Develop a money management plan e.g how much you will invest monthly, quarterly and annually.

- if you are not sure of a trade, air on the side of caution.

- Do not deal with exchanges with high fees, shop for the exchange with the lowest fee (Binance). Sign up with my link on my signature, we get free coins and $200

- Traders LOOSE because of lack of DISCIPLINE or IGNORANCE.

- MULTIPLE STREAMS of income is the key to your financial break-through (I shall share this as we proceed)

- The KEY to winning is not in your system or phone, it's in your head.

Finally, the weakest link of any Crypto currency business is the TRADER/ INVESTOR
Copied!
Happy Workers Day!❤️

loftyflint:
Responding to ilegend's response to Mrwhite on page 3952

The devil won't repent.
Can't repent.
Does not even want to repent!

There is no one OUR GOD can't forgive.
The devil is evil.
E be like say you no understand.

No be GOD no fit forgive, na devil no fit repent. Know the difference.

Here is a clearer perspective:

Ilengend has a choice to show forgiveness to people but has vowed he would never.
He even takes so much pride in his choice and stance at not forgiving.
So much so that he has agreed to go to hell for it.
...Even though he hurts others and they forgive him.

Na so devil just be.
E no go repent!

I no call ilegend devil but I pray he doesn't continue to sink or go further down the road of perdition, especially with the deceptive allure that getting rich fills a man's heart with.

On Earth, good and bad people dey.

But you see, for GOD abode, where HE HIMSELF dwells, no mixed multitude is allowed.

In Heaven, na only people wey dey forgive fit dwell there.
An unforgiving person go just explode by himself comot for existence for that Heaven.
Sin no fit dwell for Heaven.

So na you make your choice yourself.

Openly rebelling against GOD wey no be your mate.
HIM say make you dey forgive people, you say lie lie you no go forgive.
The audacity!
Na devil be that naa!

Na devil character gan be that naa!

And the yeye reason you dey give for refusing to forgive na say, devil no fit repent.

Wharrapityyyy...

This has nothing to do with Mrwhite.
Ilegend is almost forever boasting about his unwillingness to forgive.

But unlike the devil, ilegend can repent. He still has until his last breath in this world to repent.

(He can repent because JESUS paid the price for him with HIS blood, and resurrected).

Afodot0022:
Top of the day to my nairalanders fam.
Majority of people here have idea about my story and if you don't, you can go through my previous post to get a glimpse.

This month made it one year and seven months have been Separated and living apart from my ex wife due to infidelity and cheating from my ex wife part. Since then, my two daughter aged 8 and 7 had been living with her and I do take responsibility of them until this January 2024 when my wife took my kids to her father and step mom place because there was this course she was order to go for 6months officially outside lagos state. I was so angry because she never seek my permission or approval before taking them there and because of this, I stop sending money or paying their fees till now. I saw it as a act of disrespect if I the father can't be informed of where my kids are been taking to for a long period of time. She already took them there before informing me.

She was supposed to finish her course outside the state by June and since then, she never called me to inform me she is back until yesterday when I put a call to her and she told me she got back since June. I asked about the kids and to my shock, she told me the kids are still there with her father and step mom. How can you leave the kids at your parents place while the father and mother are available, I got so upset and the discussion resulted to insult and curse on phone. She told me she had a serious issue at work and she couldn't combine the kids stress to what she is going through presently. To be honest, I was even thinking to reconcile with her cos of the kids despite she cheated but the way she behave and talks on phone shows she is not remorse or even care if the family is back together or ready for any reconciliation despite the fact she was at fault. Now my kids are my focus but I don't know how to go about this.

The information I got from her dad was that he will not release the kids to either me or her on less the money he had spent on them is refunded back to him. This is already looking like a kidnap and abduction case which I told her that if she doesn't pick those kids before weekend, I will file a case of child kidnap and abduction against her and her father. Pls I need advice on how to go about this and those that have first class experience with such should assist with advice. Thank you all

Namaster:
There is a REASON that majority of the people SLUMPING and DYING have been MEN.

Add MORE wives to the mix and men would be slumping so much we'd have a National Men's Slumping Day.

The EXPONENTIAL effect of two walking-talking liabilities that NAG would make a man's heart REFUSE to beat out of sheer annoyance.

Plus, two women in the same house sharing the same man and his resources is the making of NUCLEAR calamity.

Hatred, JEALOUSY and passive-aggressiveness would form a THICK layer in that house that a man will SURELY suffocate until he SLUMPS.

This one is on social media talking about "not minding" if her husband marries MORE wives.

Until he DOES and she has to take permission to enter her own kitchen.

jayce232:
See the nonsense u are writing, na jealousy go kill u! What will it take u to scroll past the post?? The long & detailed post is what some of us want. You just felt u should attack his post because u hate his person. See how useless u are to the thread. Ilegendd left this thread for some time & we saw notable monikers clamouring for him to come back, but whenever u don't post on this thread for a single day, I can tell u 90% of the people here are always happy & wish not to see your miserable post again. You even went as far as eulogizing yourself with your alternates, members here still called u out! Disgusting thing!

jayce232:
Read my previous comment, I said if this is Alexis alternate, I won't waste my time. Now u have established who u are, I won't waste my time on a nonentity any further. Keep up with the jealousy & continue eulogizing yourself with your alternates. That's the relevant thing u think we should be seeing here? Animal!

jayce232:
See this animal, u think u can use reverse psychology on me?? Or by mentioning those names they will think u are making sense?? You are really an animal! You don't know the difference between banter & detailed post?? In the last five pages of this thread only that ilegendd long post is educative, insightful & detailed. Is that what u want to compare to banter?? You are a fowl! This must be Alexis alternate! You have still not move on?? You are still going about unnecessarily hating on ilegendd? I pity u!

crazymommy:
No one is saying you must post here , and since you are not making contributions here , what gives you the effontery to condemn the contribution of another person ?? Does that make sense to you ?? You won't cook yet you won't allow others to cook in peace.? Smh..

If the guy gets an update and he wants to share , this is how some of you will discourage him from sharing it all in the name of "it is too long ".

jayce232:
Your level of f00lishness is unending!
Can u tell me the meaningful posts on the thread before his post?? The last two pages of this thread has been riddled with comments resulting from Alexis using his alternate to eulogize himself, then someone took out his time, effort & data to make a post of how bitcoinn has evolve over the years in relation to dollar & naira crash, u think it is not relevant? What is relevant is someone using alternates to praise themselves? Incase u don't know, that long post is the only meaningful thing I have read in the last five pages of this thread if not more than. You people just want to turn this place to children's playground with nothing meaningful to read. Animal!

crazymommy:
Whatever he posted , he contributed to the thread with an information that someone out there might need , I checked your posting history on this thread , you have never contributed anything to this thread !!! Doesn't that make you look stu*pid ?? You did not offer any contribution and still go ahead to attack a contribution ?? If his own post is long , why not create your own short post ?? And hey do not come attacking me oooo..check my history on nairaland first so that you will know who you are dealing with.. if you think you get craze , I get craze pass you and I got the back up from my padi wey be moderator...I will troll and frustrate you till the extent that you will want to fight back and that your moniker and your alt monikers will be banned during that process..na trap....be warned

jayce232:
You are even more daft than I thought!
So if someone see something useful on the internet, they can't share it here?? I hope this is not Alexis alternate? I don't want to waste my time on a nonentity! If u were too lazy to read, the least u can do is ignore. Someone takes out his time & data to research on topic & share it for free, u are trying to water down his effort & we wonder why no one share any update here. If u cannot appreciate someone for the knowledge they share, then ignore such post. It is not every time u people will be exhibiting your f00lishness here. I personally read every word in that post & it was insightful.

jayce232:
Some of u people here are just kids!
I wonder if some of u are more than 18 years or probably just students. These kind of research & historical posts are the reassurance some of us need to hold on that coin we might be losing faith in that may end up benefiting us in the long run. There are some people that will read this post & hold on to that coin they were planning to sell. Imagine the guy that sold 10k btcee for 2 pizzas constantly saw reassuring posts like this, u think he will make such decision? A post detailing how different assets have performed so far is what u term as a joke in a financial thread?

iLegendd:
The Evolution of Nigerian Pounds to Nigerian Naira and Exchange Rates

Starting from 1940 (before Nigeria gained independence), the Nigerian currency and its exchange rate against the U.S. Dollar evolved through significant changes, primarily due to shifts in Nigeria’s political and economic landscape.

Here's a summary of how the exchange rate developed from 1940 to 2024:

1940-1960 (Colonial Era):

Currency in Use: The Nigerian pound (pegged to the British pound sterling) was the official currency.

Exchange Rate: As Nigeria was under British rule, the exchange rate followed the British system. The Nigerian pound was equivalent to the British pound, which was relatively strong.

Around this time, 1 British pound (₤) was equivalent to around $4.03 USD.

1960-1973 (Post-Independence):

1960: Nigeria gained independence and maintained the Nigerian pound, still pegged to the British pound.

Exchange Rate: 1 Nigerian pound = 1.03 USD at independence.

1973: The Nigerian government introduced the Naira, replacing the Nigerian pound.

1 Naira = 2 Nigerian Pounds = 2 USD (approximately).

1973-1980:

Nigeria enjoyed an oil boom during the 1970s, making the naira strong relative to the U.S. dollar.

1973-1980: The naira was almost at parity with the dollar.

1 NGN = 1.52 USD at the time of the naira’s introduction.

By the late 1970s, 1 NGN = 0.65 USD (strong naira).

1980-1990 (Structural Adjustment and Decline):

Early 1980s: Oil prices began to fall, weakening Nigeria's economy.

1981: 1 USD = 0.61 NGN (the naira was still strong).

1985: 1 USD = 3.30 NGN.

Mid-Late 1980s: Due to economic reforms (including a Structural Adjustment Program), the naira was devalued.

1986-1990: 1 USD = 5-9 NGN.

1990-2000:

Throughout the 1990s, the naira continued to depreciate sharply.

1994: 1 USD = 22 NGN.

1998: 1 USD = 85 NGN.

By the end of the 1990s, the rate hovered around 85-100 NGN per USD.

2000-2010:

The early 2000s witnessed more economic instability and inflation.

2000: 1 USD = 100 NGN.

2008: 1 USD = 130 NGN.

2010: 1 USD = 150 NGN.

2010-2020:

The naira depreciated rapidly during the 2010s due to oil price crashes and economic instability.

2014: 1 USD = 164 NGN.

2016: Following a currency devaluation by the Central Bank of Nigeria (CBN), 1 USD = 315 NGN.

By 2020, 1 USD = 360-380 NGN (official rate), while black market rates were around 450 NGN.

2020-2024:

The naira weakened further due to the impact of the COVID-19 pandemic, inflation, and declining foreign reserves.

2021: 1 USD = 400-500 NGN.

2023: Official rates were around 1 USD = 750 NGN, with black market rates crossing 900 NGN.

2024: The exchange rate has reached around 1 USD = 1200-1600 NGN in official markets, while parallel (black) market rates ranges from 1500-1950 NGN at some point.

Summary of Key Exchange Rate Milestones:

1940-1960: 1 British Pound = $4.03 (Nigerian Pound followed).

1960: 1 Nigerian Pound = 1.03 USD.

1973: 1 Naira = 1.52 USD.

1985: 1 USD = 3.30 NGN.

1990s: 1 USD = 85-100 NGN.

2000s: 1 USD = 100-150 NGN.

2016: 1 USD = 315 NGN.

2023-2024: 1 USD = 7500-1600 NGN (official) / 1500 to 1950 NGN (black market).

These changes reflect Nigeria's transition from a colonial economy, oil dependency, and the effects of inflation and economic mismanagement.

With the above, have it in mind that $1 to ₦2000 is eminent and doubling it from ₦2,000 to ₦4,000-₦5,000 is just a matter of 2 decades or a new disaster or another bad leader assuming office.

So, with this, you can easily predict the future. Be a GLE-BOSS for your sake and the sake of your children, grandchildren and generations ahead. That is the only way to protect your money.

Even the Dollar is not safe if you're judging its price against gold or BTC. Now, let's talk about gold and BTC too.




The historical relationship between gold and the U.S. dollar has evolved significantly over time due to changes in monetary policies, global economics, and the shift away from the gold standard. Here’s an overview of the Gold vs. U.S. Dollar exchange from the 1940s to 2024:

1940-1971 (Bretton Woods Era):

1940s: The Bretton Woods Agreement was signed in 1944, establishing the U.S. dollar as the world's reserve currency, with its value tied to gold. Under this system:

1 ounce of gold = $35 USD.

1950s-1960s: Throughout the 1950s and 1960s, the price of gold remained fixed at $35 per ounce, while global currencies were pegged to the U.S. dollar.

Gold Standard: The U.S. held large gold reserves to back the dollar, and other countries could convert their U.S. dollar holdings into gold at this fixed price.

1971-1976 (End of Gold Standard):

1971: President Richard Nixon ended the direct convertibility of the U.S. dollar to gold, effectively abandoning the gold standard. This decision, known as the "Nixon Shock," allowed the dollar to float freely in the global markets, and gold prices were no longer fixed.

1971: The price of gold rose from $35 to around $42 per ounce.

1973: By this year, the Bretton Woods system had fully collapsed, and gold prices became market-driven.

1973: Gold prices reached approximately $65 per ounce.

1976: The official price of gold was completely decoupled from the dollar.

By 1976, gold traded at $140 per ounce.

1980s (High Inflation and Price Surge):

During the late 1970s and early 1980s, the U.S. faced high inflation and geopolitical uncertainty, leading to a surge in gold prices.

1980: Gold prices reached an all-time high of approximately $850 per ounce due to the Iran crisis, inflation fears, and a weakening dollar.

However, as inflation was brought under control and the U.S. Federal Reserve raised interest rates, gold prices declined throughout the mid-1980s.

1985: Gold prices settled at around $300-$400 per ounce.

1990s (Stability and Decline):

During the 1990s, gold prices remained relatively stable as global inflation was low, and the dollar strengthened due to robust economic growth in the U.S.

1995-1999: Gold prices ranged between $250-$300 per ounce.

2000-2010 (Bull Market in Gold):

In the early 2000s, gold began to rise again, fueled by global economic uncertainty, rising inflation concerns, and a weakening U.S. dollar.

2001: Gold was trading at around $270 per ounce.

2008 Financial Crisis: During the 2008 global financial crisis, gold prices surged as investors sought safe-haven assets.

2008: Gold prices reached approximately $800-$900 per ounce.

2010: Gold hit a new all-time high as global economic uncertainty persisted post-recession.

2010: Gold traded at $1,400 per ounce.

2011-2020 (Record Highs and Fluctuations):

2011: Due to the European debt crisis, U.S. credit rating downgrade, and inflation fears, gold reached a historic high of $1,900 per ounce.

2013-2015: Gold prices retreated as the U.S. economy recovered and the Federal Reserve indicated a return to higher interest rates.

2015: Gold fell back to around $1,050 per ounce.

2016-2020: Gold prices rebounded again due to geopolitical tensions, trade wars, and the COVID-19 pandemic.

2020: Amid the pandemic, gold reached a new all-time high of $2,070 per ounce in August 2020 as global uncertainty pushed investors toward gold.

2021-2024 (Post-Pandemic and Inflation Concerns):

After peaking in 2020, gold prices saw some fluctuations but remained elevated due to inflation concerns, Federal Reserve monetary policy changes, and global uncertainty.

2021-2022: Gold prices ranged between $1,700 and $2,000 per ounce.

2023-2024: With continued inflation pressures, a strong dollar, and global geopolitical issues, gold continues to trade near its high levels, fluctuating around $1,800-$2,000 per ounce.

Summary of Key Gold Price Milestones (per ounce):

1940s-1971: $35 (fixed under the gold standard).

1971: $42 (end of the gold standard).

1980: $850 (inflation and geopolitical tensions).

2000: $270 (low during economic stability).

2011: $1,900 (European debt crisis).

2020: $2,070 (pandemic-driven uncertainty).

2023-2024: $1,800-$2,720 (inflation and geopolitical tensions).

This timeline shows the historical shifts in the value of gold versus the U.S. dollar, moving from fixed rates under the gold standard to the modern, market-driven price fluctuations.





The history of Bitcoin (BTC) vs the U.S. Dollar (USD) showcases the evolution of the world’s first cryptocurrency, its massive price fluctuations, and its rise from an obscure digital asset to a global financial phenomenon. Here’s a breakdown of Bitcoin’s price trajectory relative to the dollar from its inception to 2024:

2009-2011 (Inception and Early Growth):

2009: Bitcoin was created by the pseudonymous Satoshi Nakamoto. In its early days, Bitcoin had no market price since it was primarily mined by enthusiasts.

The first recorded Bitcoin transaction occurred in 2010 when a programmer, Laszlo Hanyecz, paid 10,000 BTC for two pizzas, now referred to as "Bitcoin Pizza Day."

Price in 2010: At this time, Bitcoin was worth $0.0008 USD per BTC.

2011: Bitcoin crossed the $1 mark for the first time in February.

By June 2011, Bitcoin reached $31 USD, but a sharp correction followed, bringing the price back down to $2-4 USD by the end of the year.

2012-2013 (First Significant Rally):

2012: Bitcoin saw steady but modest growth as more people became interested in cryptocurrency.

By the end of 2012, Bitcoin was trading around $13 USD.

2013: This year marked Bitcoin's first major bull run. The price spiked due to increasing adoption, media attention, and the launch of exchanges like Mt. Gox.

By April 2013, Bitcoin surged to $260 USD, but it quickly dropped to $50-60 USD after a crash.

Later that year, in November, Bitcoin had its first real parabolic rise, reaching an all-time high of $1,200 USD before crashing again due to regulatory concerns and the collapse of Mt. Gox.

2014-2016 (Mt. Gox Crash and Bear Market):

2014: The year started with Bitcoin around $800-1,000 USD, but after the Mt. Gox exchange was hacked, Bitcoin's price dropped sharply.

For most of 2014, Bitcoin traded between $300-500 USD.

2015: Bitcoin slowly recovered as the crypto space stabilized after the Mt. Gox fallout. However, it remained in a prolonged bear market.

Bitcoin ranged between $200-400 USD for most of the year.

2016: Bitcoin saw steady growth, driven by increasing adoption and interest from institutional investors. The halving event (when mining rewards were reduced) also helped push prices higher.

By the end of 2016, Bitcoin was trading around $900 USD.

2017 (First Major Bull Run and Explosion to $20,000):

2017: This was the year Bitcoin truly went mainstream. A wave of retail and institutional investment, along with the launch of initial coin offerings (ICOs) on Ethereum, fueled a massive bull run.

By mid-2017, Bitcoin had reached $2,500-3,000 USD.

In December 2017, Bitcoin hit an all-time high of around $19,800 USD, before crashing as the bubble burst. By the end of 2017, it had fallen back to $13,000 USD.

2018-2019 (Bear Market and Recovery):

2018: Bitcoin entered a bear market after its meteoric rise in 2017. Throughout the year, the price steadily dropped, reaching lows of around $3,200 USD by December.

The price fluctuations were fueled by concerns over regulation, exchange hacks, and general market instability.

2019: Bitcoin began to recover after the 2018 crash, driven by renewed interest in blockchain technology and digital assets.

Mid-2019 saw Bitcoin rise to around $13,000 USD, but by the end of the year, it had dropped back to $7,000 USD.

2020 (COVID-19 Pandemic and Bitcoin’s Rise to $30,000):

2020: The COVID-19 pandemic significantly impacted global markets, but it also fueled Bitcoin's rise as investors turned to it as a hedge against inflation and economic uncertainty.

In March 2020, Bitcoin briefly dropped to $4,000 USD during the market crash, but it quickly recovered.

By the end of 2020, Bitcoin had surged to new all-time highs, trading around $29,000 USD.

2021 (Bitcoin's Boom to $69,000):

2021: Bitcoin experienced an explosive bull market driven by institutional investment, mainstream adoption, and increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs).

In April 2021, Bitcoin hit a new all-time high of $64,000 USD.

After a correction, Bitcoin rallied again and reached its all-time high of $69,000 USD in November 2021.

2022 (Bear Market and Market Corrections):

2022: After its highs in 2021, Bitcoin entered another bear market due to rising inflation, interest rate hikes by the Federal Reserve, and general risk aversion in global markets.

By mid-2022, Bitcoin fell to around $20,000 USD.

In November 2022, the collapse of the FTX exchange and a general decline in the crypto market pushed Bitcoin to around $16,000 USD, marking the bottom of that year.

2023-2024 (Post-Crash Recovery and New Developments):

2023: Bitcoin began to recover slowly as the global economy stabilized and more institutional investors entered the space. Concerns over inflation, regulatory developments, and the halving event expected in 2024 drove positive sentiment.

By mid-2023, Bitcoin was trading in the range of $27,000 to $35,000 USD.

2024: Bitcoin’s price continues to experience volatility as the next halving event approaches and global market conditions remain uncertain. As of early 2024, Bitcoin trades around $30,000 to $40,000 USD, though this could change significantly in response to macroeconomic trends and crypto adoption.

Summary of Key Bitcoin Price Milestones:

2010: $0.0008 (first recorded price).

2011: $31 (first significant rally).

2013: $1,200 (first parabolic rise).

2017: $19,800 (end of the first major bull run).

2018: $3,200 (end of 2018 bear market).

2020: $29,000 (pandemic-driven bull run).

2021: $69,000 (all-time high).

2022: $16,000 (post-FTX crash).

2024: $30,000-$74,000 (current).

Bitcoin’s price trajectory has been marked by extreme volatility, influenced by technological developments, investor sentiment, global events, and regulatory shifts.

femi4:
So, she should not tell her story

Throwback:
He did not deny it then and did not deny it now.

He even disclosed her consultation fee, and admitted he paid his fees.

Nothing concern external customer with internal problems of an organization. All a client is interested in is service delivery, and not the issues that arise from the vendor's technology.

KnowledgePower7:
I blocked her phone number but left my WhatsApp open.

She will be writing epistles upon epistles of how I have broken her.
The worst part is she will see that I read it
But I won't reply.

Out of respect I won't post our chats here
She wrote one very long epistel
Omo I shock
Didn't know she can fall so hard in love

We go to the same church
Tho I attend evening mass to avoid her
It's been 3 months since this happened

Anytime I think about it
I just smile so bright. Revenge is sweet

chrisxxx:
You are a daft who knows nothing.